9 April 2002, 08:52 Japan's Fukuda - Govt to push for faster bad-loan disposals after FSA probe
TOKYO (AFX-ASIA) - Cabinet Secretary Yasuo Fukuda said the
government will increase efforts to accelerate banks' disposal of bad
loans, even after the completion of the special inspection into banks
by the regulator.
"The government will continue our efforts to dispose of bank bad
loans, even though the Financial Service Agency has completed its
inspection," Fukuda told a regular press briefing.
"Prime Minister (Junichiro) Koizumi gave an instruction yesterday
to (financial affairs minister Hakuo) Yanagisawa that the government
should accelerate even further disposal of bad loans," he added.
"The government will strengthen bank inspections and, if necessary,
take appropriate action," he said.
Asked whether the result of the probe will likely accelerate
disposals, Fukuda said: "I cannot comment on that yet as we do not know
the result of the inspection. If the bad loans are small, there is no
need to add to disposals."
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