Tokyo fleshes out vows to clean up bad loan crisis

Article Abstract:

The Japanese government intends to form a "bridge bank" that is expected to solve the current banking crisis. The government will either create a new agency or modify the existing Resolution and Collection Bank, patterned after the US Resolution Trust Corp. The goal of the new bank would be to close or combine weak banks who have underperformed. The bridge bank will have the authority to extend loans until bad loans have all been settled. Moreover, the bridge bank will have a larger capital to help banks with bad loans.

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Hammering out reforms: Japan's LDP steps up agenda to fix bank crisis

Article Abstract:

The Japanese Liberal Democratic Party has responded to increasing pressure to alleviate the nation's banking problems by calling for an emergency session of parliament. A draft for the agenda was released on May 28, 1998 and will focus on matters of the economic stimulus package including property tax sales on banks. The session, called "bad loan parliament", is expected to be held as early as July but will not include incentives for the sale of nonperforming assets of banks.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Management, Banks (Finance), Economic policy, Liberal Democratic Party (Japan)

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Japan's nascent upturn is looking like a runt

Article Abstract:

Japan has not yet recovered from economic devastation despite the presence of indicators signaling a possible economic growth in 1996. The gross domestic product is expected to increase by 2.5% while corporate earnings are predicted to rise by as much as 13.6%. However, the economy is not expected to immediately recover due to increases in the unemployment rate and the continued demand for imported commodities.

Profits, Gross domestic product, Unemployment, Economic indicators, Corporate profits

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