Past Financial Crisis Handling in Japan
Timeline of capital infusions, acquisitions of NPLs and shares
November 18, 2008
Summary
◆Following the G7 call for recapitalization, US and European authorities have announced policies for infusion of public funds
◆For reference, this report presents a timeline of Japan's handling of past financial crises, focusing predominantly on the use of public funds to acquire assets and inject capital
◆Measures taken have included acquisition of NPLs using public funds, use of public funds to inject capital into banks, etc., full protection for deposits, promotion of write-offs by using discounted cash flow accounting for NPLs, and acquisition of shareholdings by the Banks' Shareholdings Purchase Corporation (BSPC) and Bank of Japan (BOJ)
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