Tokyo abandons unveiling of bad loans plan

JAPAN - Heizo Takenaka, economy minister and chief bank regulator, was forced to postpone the unveiling of his plan to deal with Japan's bad loans raising suspicions that the ruling Liberal Democratic party has big disagreements with his proposals.

The postponement followed sharp criticism in Japan's parliament on Tuesday from senior LDP members of Mr Takenaka and the team he has appointed to look into the bad loan problem, the Financial Times reported.

In particular, Mr Takenaka's recent remar

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