It's time for Japan to act on banks' bad-loan problems
Article Abstract:
Japan's weak economic performance in the 1990s may stem in part from the bad-loan problems of its banks. Actions that Japan should take to remedy the situtation at its banks are discussed in this commentary.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 2001
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Japan tells the world it won't allow debt woes to undermine its big banks
Article Abstract:
Foreign bankers and analysts were assured by Japanese banking regulators that the country's largest banks remain financially healthy, despite the difficulties faced by small financial institutions. The assurance was made at a gathering of foreign bank representatives organized by the Finance Ministry. The regulators told the attendees that they will prevent bankruptcy in these large lenders. They said the meeting was aimed at dispelling notions that the debt problems of small lenders will affect international financial markets.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Country's banks start to apply for public bailout funds
Article Abstract:
The Japanese government has announced a $76 billion taxpayer-financed bailout of the domestic banking industry. The government plans to sell $792 million worth of bonds to refinance the Resolution Collection Bank, which handles financial bailouts. Industrial Bank of Japan Ltd., Long-Term Credit Bank of Japan, Mitsubishi Trust and Banking Corp. and Sanwa Bank Ltd. already have applied to the Japanese government for public financing. The banks have promised to overhaul their business operations to make them more prudent.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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