We have at the same time determined that the entire financial system might be adversely influenced should the implementation of the comprehensive measures to solve the financial problems of Nippon Credit Bank be delayed, and should market confidence in the bank not be maintained or restored.
Based on this judgment and in light of the objective of the Fund - which is to “enhance the stability of and global confidence in our country’s financial system” - the Bank deemed it appropriate to utilize the New Financial Stabilization Fund to reinforce the capital base of Nippon Credit Bank.