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

Back to Top