Financial Services Agency chief Hakuo Yanagisawa said Friday that the FSA has virtually completed drawing up measures to help Japanese banks accelerate their direct writeoffs of bad loans.
"Discussions are proceeding smoothly, so (the measures) will be crafted by the end of the day," Yanagisawa told a news conference.
Details of the measures will not be released until next week, after being conveyed to a meeting of the government's task force on emergency economic measures slated for Wednesday, Yanagisawa said.