CHRONOLOGY

2000 FSA predecessor FRC reports having employed JPY7.8tr over 1998 - 2000 to recapitalise failed banks
1999 FSA predecessor FRC reports injecting JPY8.3tr in 1998/99 into the major banks' equity 'at their request'

 

GLOSSARY

FRC Financial Revitalisation Commission now FSA was an early interim provision of NPL smokescreen cover for MoF

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