Merger announced to create new debt-collection body

Kohei Nakabo (L), president of the Housing Loan Administration Corp., and Shigeru Mizuno (R), president of the Resolution and Collection Bank, shake hands on Dec. 25 with Noboru Matsuda (C), president of the government's Deposit Insurance Corp., after signing a contract for merger of their two organizations on next April 1 to become a new government-backed debt collection body. The new corporation, aimed to facilitate clean up of the bad loans plaguing the Japanese financial system, is to be funded entirely by Deposit Insurance Corp. that bails out troubled banks.

• Product Code
• ILEA001078090

• Registered date
• 1998/12/25 00:00:00

• Credit
• Kyodo / Kyodo News Images

• Media source
• 1998 Kyodo News

• Media size
• 1864 × 1770 pixel

• Resolution
• dpi

• Deployment size
• 1.36(MB)*

• Special instruction

*File size when opened in Photoshop, etc.