26 June 2001, 11:09 Yanagisawa sees limited write-off losses at major banks as provisions adequate
TOKYO (AFX-ASIA) - Minister of Financial Affairs Hakuo Yanagisawa
said he thinks potential losses on write-offs of bad loans at the major
16 Japanese banks will be limited as they have adequately provided for
losses.
"The major Japanese banks have already built up enough loan loss
reserves, in an appropriate way, (against loans to near-bankrupt
firms), so I believe potential losses from writing off those loans will
be limited," Yanagisawa said.
"I think the banks will not fall short of capital adequacy
requirements set by the Bank for International Settlements," he said.
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