The government finalized a package of emergency economic measures Friday that sets a two-year limit on major banks' disposal of their riskiest bad loans, limits their shareholdings and calls for a stock-buying body to buy company shares they hold.
The package was formally adopted at a meeting Friday of policymakers from the government and the ruling coalition -- the Liberal Democratic Party, New Komeito and the New Conservative Party.
The package calls for establishment of the government-backed Bank Equity Purchasing Corp. to absorb Japanese banks' stockholdings in other companies, limited under the plan to an amount below their capital.