More pain: Japanese banks
Article Abstract:
The Industrial Bank of Japan (IBJ) is being forced to absorb much of the financial cost of the bailout of Osaka-based Toyo Shinkin credit union, even though Toyo Shinkin is controlled by Sanwa Bank. IBJ is being held responsible for the Toyo Shinkin failure because of its involvement in a lending scandal.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Pulling lenders over the edge: Japanese housing loans
Article Abstract:
The housing loan sector of the Japanese banking industry is in serious financial trouble, due to the weakness in Japan's real estate market. Non-performing housing debt is estimated at 200 billion yen, with much of the debt owed by large developers.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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Coming out: Japanese bank debt
Article Abstract:
Information was leaked from a study on bank debt done by the Bank of Japan. The study estimates that bad debt will eventually peak at 56 trillion yen. Japanese banks may have to take measures such as raising interest rates for borrowers.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1992
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