Prudential Life Insurance Company Scandal: Press Conference By KATAYAMA Satsuki, Japan Minister Of Finance And Minister Of State For Financial Services

I understand that the Financial Services Agency is currently investigating the scandal involving The Prudential Life Insurance Company, Ltd. As the Minister of State for Financial Services, how do you view this scandal, and how will the FSA respond?

I am aware that The Prudential Life Insurance Company has disclosed new information regarding the scandal. As I have stated before, the inappropriate handling of money by the company is extremely regrettable. The FSA will thoroughly confirm the facts of the matter with the company, thoroughly analyze the true cause of why this happened, and then ask the company to absolutely prevent a recurrence. I believe it is important for the FSA to first confirm that the company has secured effective measures to prevent a recurrence, and then have the company implement them. The FSA will strictly confirm whether the company can take such measures.