Bank of Japan apologizes for fund scandal

20.06.2006 02:54

Gov. Toshihiko Fukui also said he wanted to serve out the rest of his term through March 2008.

Fukui has come under fire for investing 10 million yen seven years ago in a fund managed by Yoshiaki Murakami, who was arrested June 5 for alleged insider trading, the AP reports.

Fukui reiterated that there was nothing wrong with the investment and that he would not use proceeds from its sale for personal gain, although he declined to expand on how he would use it, the AP reports.

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