How many bad loans did banks write off in fiscal 2000? How many years will it take for banks to dispose of all their bad loans?
These are among the questions that arose when banks released their financial statements for fiscal 2000, which ended March 31 this year, focusing a large amount of attention on the issue.
As a result of disposing bad loans, some major banks, including the Mitsubishi Tokyo Financial Group, United Financial of Japan, Asahi Bank and Daiwa Bank, released income statements in the red.