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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Mark who wrote (15908)	12/23/1997 11:25:00 AM
From: Cynic 2005	Read Replies (2) \| Respond to of 50167

Per some counts bad loans in Japan are over 500 bln. But I can attest to $215 bil. -g- The size of their economy is about $3.5 trillion. $215 bill is a big chunk even for the world's second largest economy. --------------------- Sept Problem Loans Rise To 28 Trln Yen: MOF Study TOKYO (Nikkei)-Problems loans held by Japanese financial institutions at the end of September totaled 28.078 trillion yen, up 0.6% from six months ago, show figures released Monday by the Ministry of Finance. This is the first time problem loans increased between surveys since the ministry first began to collect the data in September 1995. Loans to bankrupt borrowers such as failed construction companies and affiliated nonbanks of Nippon Credit Bank were behind the rise. Bad loans to bankrupt companies, nonperforming loans on which interest has not been paid for six months or longer, and restructured loans on which interest has been reduced or abolished are included in problem loans. The figure includes reports by financial institutions: city banks, trust banks, long-term credit banks, regional banks, shinkin banks, credit unions and Norinchukin-affiliated financial institutions. However, problem loans totaling 930 billion yen at the end of March held by Hokkaido Takushoku Bank were excluded. If included, this would have increased the total by more than 1.1 trillion yen from a half a year ago, officials said. Total problem loans are expected to expand by next March because accounting procedures by banks will become more strict. Financial institutions will need to dispose of 4.348 trillion yen, excluding collateral and loan-loss provisions. However, this figure also does not include Hokkaido Takushoku Bank's data. -------------- I found it at: satellite.nikkei.co.jp good luck! -Mohan