3 October 2001, 09:25 Koizumi aims to cut bank NPLs to 3.5-4.0 pct of all loans in yr to March 2005
TOKYO (AFX-ASIA) - Prime Minister Junichiro Koizumi said the
government aims to cut the non-performing loans of major banks to
3.5-4.0 pct of their total loans in the year to March 2005.
"The government will make efforts to return bad-loan levels at
major city banks to a normal situation," Koizumi told the Lower House
of parliament. "We aim to reduce bad loans to 3.5-4.0 pct of overall
lending."
Koizumi reiterated that he will maintain his 30 trln yen new bond
issuance target, though he added that it is unclear whether the
government will be able to achieve its existing tax revenue target.
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