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Japan moves on bank bad loans

Japan's banks are to be required to dispose of all of their bad loans within two to three years.

Peter Martin reports the measure was hammered out today by leaders from the three parties in Japan's governing coalition.

Under leglislation to go before parliament Japan's banks will be required to dispose of their riskiest loans within two years, and loans that were good but have since gone bad in three years. the total is though to exceed 500 -billion australian dollars.As well banks will be required to limit their shareholdings in other companies to one hundred per cent of the banks capital.At present the banks own shares work about 135 per cent of the capital. The parties have agreed in principal to set up a semi-government fund to buy the excess shares off the banks Peter Martin, Tokyo

4/04/01 21:31:35 | ABC Radio Australia News

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