Total of bad loans understated by Y13,000bn - FSA

JAPAN - Japan's Financial Services Agency has revealed for the first time that it believes bad loans at the country's banks are Y13,000bn (£68bn) greater than the banks say.

The decision to release the figures is the latest step to strengthen banking supervision in Japan by Heizo Takenaka, the former academic and reformist cabinet minister who took charge of the FSA last month, the Financial Times reported.

It follows the release of a package of banking reforms late last month by the FSA, the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: