The Financial Services Agency will conduct special inspections to ensure major banks have properly assessed the creditworthiness of their major borrowers for the year through March 31, Financial Services Minister Tatsuya Ito said Friday.

The on-site inspection will not cover all of the nation’s 11 major banks as it did in the previous special inspection.

Instead, the audit will become a followup to the September inspection by narrowing the scope of borrower targets, Ito said at a news conference.

The FSA has been conducting special audits as an emergency measure under the financial revitalization program.

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