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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