Japan's Aozora has $137 mln exposure to Madoff

TOKYO, Dec 16 (Reuters) - Japan's Aozora Bank Ltd said on Tuesday it had an estimated 12.4 billion yen ($137 million) indirect exposure to scandal-hit Madoff Securities through invested funds.

Aozora, majority owned by U.S. fund Cerberus Capital Management, said it expected only limited impact on its capital.

($1=90.63 Yen)

(Reporting by Yumiko Nishitani; Editing by Rodney Joyce) Keywords: MADOFF/AOZORA ([e-mail]; [phone]; Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2008. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.