The Financial Reconstruction Commission and a consortium led by Softbank Corp. have bridged their differences over the purchase of the failed Nippon Credit Bank, a participant in the negotiations said Saturday.
The move comes just days after the two sides on Wednesday failed to meet the deadline for agreement on purchase terms for NCB, leading to pessimism in global financial markets about the Japanese financial system.
"We have come up with solutions on important issues and talks have moved forward," said an official at one of the three companies comprising the consortium.