TOKYO Thu May 12, 2011 11:27pm EDT
TOKYO May 13 (Reuters) - Japan's best govt spokesman said on Friday he or she expects financial institutions that they are inquired to support relieve that burden challenged by Tokyo Electric Power Co to manage massive pay out cases from victims belonging to the turmoil from its Fukushima Daiichi nuclear plant.
"The crash occurred with March 11. Accidents like this tend to be factored into lending products made prior to that. Naturally, I expect loan companies to become called for cooperation throughout lighting with Tokyo Electric 's fresh financial standing," Chief Cabinet Secretary Yukio Edano explained to a frequent news conference.
Edano's remark arrives soon after the federal government agreed sooner within the time to setup a new account with taxpayer funds to aid Tokyo Electric cover victims with the turmoil with it is tsunami-crippled nuclear grow crops as well as keep away from financial collapse.
Tepco's major collector bank, Sumitomo Mitsui Banking Corp, in addition to other lenders provided Tokyo Electric along with 1.9 trillion yen ($23.4 billion) in unexpected emergency loans in the immediate consequences on the disasters.
"Loans prolonged that will Tokyo Electric immediately after the car accident tend to be different, and this also have to end up being identified properly among the list of Japanese people," Edano said, reacting to some question with regards to time involving quite a few loans being forgiven.
"As for funds manufactured before March 11, it is still your make any difference among personal firms and I would like to watch precisely what I say. But, like people said, I don't think it (banks certainly not forgiving just about any funds created before March 11) could win this people's understanding." ($1 = 80.945 Japanese Yen) (Reporting simply by Sumio Ito plus Kiyoshi Takenaka , Editing through Nathan Layne)
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