Fukui: 'I am very very sorry'

Bank of Japan chief Toshihiko Fukui apologised to the nation Tuesday 20 June and said he would take a 30% pay cut for six months. He also said the bank has set up a committee to review rules for its officials' assets.

"I am very, very sorry. I deeply apologize to the people," Fukui said at a news conference. "The Bank of Japan's compliance rules have been widely criticized. This must be taken seriously."

``I would like to complete my term, while sincerely accepting any criticism,'' he said, fol

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