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.

  • Product Code
  • ILEA001094078
  • Registered date
  • 2002/11/09 00:00:00
  • Credit
  • Kyodo / Kyodo News Images
  • Media source
  • 2002 Kyodo News
  • Media size
  • 1864 × 1182 pixel
  • Resolution
  • dpi
  • Deployment size
  • 409.58(KB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos
    FSA orders 15 banks to improve earnings

    FSA orders 15 banks to improve earnings

    TOKYO, Japan - Financial Services Minister Heizo Takenaka speaks to journalists on Aug. 1 after his agency ordered five of Japan's major banking groups and 10 regional banks to improve their earnings due to a wide gap between their initial profit targets and the actual figures for the year ended March 31.
      FRC Secretary General Mori to head FSA

      FRC Secretary General Mori to head FSA

      TOKYO, Japan - Shoji Mori (file photo), secretary general of the Financial Reconstruction Commission (FRC), will replace Masaharu Hino as head of the Financial Services Agency (FSA), government sources said Dec. 13. The appointment is expected to take effect Jan. 6, when the FRC will be scrapped and merged into the Cabinet Office that will be launched and with which the FSA will be affiliated.