The banking industry federation decided Tuesday that from this fiscal year, all member banks will need to disclose information about their bad loans according to stricter standards, in line with those of the United States.

Loans that are three or more months overdue will be filed into a new category, according to the Federation of Bankers Associations of Japan (Zenginkyo). The rules apply to about 150 domestic banks, including major, regional, trust and long-term credit banks.

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