Kimura blasts banks on assessment of bad loans

Kimura blasts banks on assessment of bad loans

TOKYO, Japan - Takeshi Kimura (file photo), a member of a Financial Services Agency (FSA) task force, slammed private banks Nov. 9 for what he termed their questionable management stance and assessment of nonperforming loans. ''Some say that there are bad loans five times more outstanding than the disclosed figures,'' said Kimura, known for his hard-line approach, in a speech at a foreign investment fair held at the Tokyo Stock Exchange. (Kyodo)

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