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Japan may fund welfare and education with dormant bank accounts


Duncan Richardson, News Editor
24 Jan 2014, 10:01 a.m.

Japans ruling Liberal Democratic Party is planning to submit a new bill which will allow the government to raid bank accounts which have been dormant for over 10 years. The money will be transferred to government run Deposit Insurance Corporation of Japan and the funds will be used for both welfare and education projects. Although the government will be utilising the funds customers can request their money back at any time.

View original source at: www.scmp.com

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