The government will not delay again the sale of the nationalized Nippon Credit Bank to a Softbank Corp.-led consortium on Sept. 1, despite a controversial clause in the contract, the new chairman of the Financial Reconstruction Commission said Thursday.
The comment came in a wide-ranging interview in which Hideyuki Aizawa, 81, also cautioned the BOJ not to lift its "zero-interest-rate" policy, saying politicians like him know the real economic situation surrounding ordinary people better than the central bank does.
As for the NCB sale, Aizawa, also a Cabinet minister, admitted that the government has not gained enough public understanding of the bad-loan buyback clause, even though the sale, planned for Aug. 1, was postponed at the last minute.