CHRONOLOGY

2001

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

1992

Auditors' reservations on banking NPLs reportedly indicated 'inappropriate' by MoF given roll forward scheme

1990

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

1923

Great Kanto Earthquake and post War depression impacts roll forward by BoJ easy money policy until 1927

 

GLOSSARY

NPL roll forward

not booking credit losses as they accrue

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

sakinobashi

roll forward

as furyosaiken no sakinobashi NPL roll forward cf maladministration

akusaku

bad policy

MoF's past roll forward of NPLs the uneasy BoJ/Establishment compromise

CPA

Certified Public Accountant konin kaikeishi

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

kashishiburi

unwillingness to lend

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

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