• Kyodo

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Nagano Gov. Yasuo Tanaka’s debts, mostly for a Tokyo residence bought in the bubble economy years, amount to around 82.5 million yen, according to a financial statement on the governor’s assets released Wednesday.

His assets total about 12.4 million yen.

The statement, made public based on a prefectural ordinance on financial disclosure, covers Tanaka’s assets as of Oct. 26, the day he took office as governor. The assets comprise land and real estate holdings, including buildings, and bank deposits.

For the land and building in Tokyo’s Setagaya Ward, which was his former residence, the standard taxable value of the fixed assets was an estimated 10.59 million yen, the statement reported.

His share of a lot and building he owns with his parents in the resort town of Karuizawa in Nagano Prefecture is valued at some 800,000 yen, it said.

The statement also showed that Tanaka had 1.05 million yen in his time and savings deposits and owned two cars, of which one has since been sold.

Tanaka has said his debts are mostly for his Tokyo home, which has lost half its value since the bubble economy burst in the early 1990s.

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