TOKYO (AFX-ASIA) - Hakuo Yanagisawa, state minister of the Financial Services Agency, plans to tell his US and UK counterparts that the Japanese banks' huge bad debt situation will be righted by the end of 2006, the Nihon Keizai Shimbun reported, citing diplomatic sources. The minister also intends to stress Japan's readiness to inject public money into financial institutions if such a measure becomes necessary, thereby preventing any global economic chain reaction from starting in Japan, it said. With regard to an earlier request by the International Monetary Fund, which reportedly wants to inspect Japan's financial system, Yanagisawa is expected to claim a shortage of staff at the Financial Services Agency means it is unable to comply with the IMF request for now, though this may be possible at a later date, it said.