Japan takes control of Nippon Credit
Article Abstract:
The financially troubled Nippon Credit Bank Ltd. has been declared insolvent by the Japanese government. Industry analysts have said that government regulators, which now seem determined to confront Japan's $600 billion banking industry crisis, made the move to take control of Nippon Credit despite vigorous objections of bank officials. The nationalization of Nippon Credit, while signaling the government's intention to turn the corner on the banking crisis, has not addressed many crucial issues, such as the sale of bankrupt bank assets.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Bank of Japan's assets fell 13% in latest year
Article Abstract:
The Bank of Japan (BOJ) announced that its assets for year ending on March 31, 1999 reached 79.744 trillion yen (629.72 billion euros). This represented a decline of 135 compared to the year before. The bank's liabilities dropped 15% to 76.099 trillion yen. The BOJ's balance sheet was reduced as the bank cut down on injecting funds into the money market.
Comment:
Assets for year ending March 31, 1999 reach 79.744 trillion yen (629.72 billion euros)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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Japanese officials debate options for bolstering banks
Article Abstract:
Masajuro Shiokawa, the finance minister of Japan, said that the government should spend more money to aid banks in the disposal of their bad loans. However, such a move would be strongly opposed by taxpayers.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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