Major banks' NPL Exposure pct halving target set in 2002 met as of March a notable Heizo Takenaka success


Ex MoF Yanagisawa fails to postpone IMF FSAP and manage FSA warehousing of MoF's NPL roll forward


Kiichi Miyazawa ineffectually draws attention to the NPL problem at the LDP Karuizawa Summer Conference


Credit Bubble 1986 - 1990 punctured by forceful Bundesbank style Mieno MoF activates NPL roll forward



NPL roll forward

not booking credit losses as they accrue

MoF maintained pre tax profits so smoothing tax revenue cf hozei shonin ginko

niji sonshitsu

secondary newly crystallised NPL losses

deterioration of a bank's loan book after first bail-out cf contingent NPLs


Certified Public Accountant konin kaikeishi

term applied to the somewhat different JCPA cf professionals, NPL roll forward


Financial Revitalisation Commission

now FSA was an early interim provision of NPL smokescreen cover for MoF

FSAP Japan 2003

Article IV Consultations or IMF country surveillance

Heizo Takenaka's work ensured that the NPL disclosure threat was averted


unwillingness to lend

credit line reduction by balance sheet pressed banks cf NPL roll forward


roll forward

as furyosaiken no sakinobashi NPL roll forward cf maladministration

Back to Top