CHRONOLOGY

2002 Takenaka appointed FSA Minister launches heavily diluted Swedish style plan to resolve major banks' NPLs
1995 MoF realises private + public sector NPLs continue to snowball FILP + Local Government Reform launched
1992 Auditors' reservations on banking NPLs reportedly indicated 'inappropriate' by MoF given roll forward scheme

 

GLOSSARY

NPLs Non Performing Loans furyo saiken Establishment had been in denial of existence of contingent NPLs cf sakinobashi
contingent NPLs NPLs contingently crystallisable Establishment was in denial of the process cf niji sonshitsu, form over substance
NPLs contingent loans liable to crystallise as NPLs Establishment was in denial of the process cf niji sonshitsu, form over substance
NPLs crystallised prior contingent NPLs crystallised Establishment was in denial of the process cf niji sonshitsu, form over substance
akusaku bad policy MoF's past roll forward of NPLs the uneasy BoJ/Establishment compromise
collateralised banks entirely dependent on property asset security cash flow credit evaluation was non existent at banks cf tochi honisei, NPLs
debt deflation the Fisher Thesis fusai defure that this cripples debtors, their lending banks and demand cf Fisher, NPLs
Financial Services Agency FSA kinyucho was set up to warehouse NPLs now being squeezed between BoJ and MoF
Finland classic banking crisis of early 1990s crystallised NPLs 15 GDP percent and 20 loan book percent cf Sweden
FSA Financial Services Agency kinyucho under Heizo Takenaka successful resolution of NPLs now being de-emphasised
funshoku kessan decorated or embellished financial statements as funshoku kessan fraudulent set of financial accounts cf Sogo, NPLs
fusai defure debt deflation Fisherian thesis a process crippling debtors, their lending banks and demand cf Fisher, NPLs
guhatsu contingent as guhatsu saimu contingent liability, guhatsu furyo saiken contingent NPLs
kinyucho Financial Services Agency was set up to warehouse NPLs and is now squeezed between BoJ and MoF
niji sonshitsu secondary newly crystallised NPL losses deterioration of a bank's loan book after first bail-out cf contingent NPLs
satei assessment as furyo saiken o kibishiku satei suru to rigorously assess NPLs
Sweden classic banking crisis of early 1990s crystallised NPLs 10 GDP percent and 20 loan book percent cf Finland

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