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(From Journal of Japanese Trade & Industry (JJTI))
Byline: Izumi Masaki
Hopes are rising for a revitalization of Japan's financial system. Together with the recovering economy and rebounding share prices, progress has been made in the disposal of non-performing loans (NPLs), while notable new developments toward strengthening earnings bases have begun to emerge, in which major banks have embarked on broadening investment banking operations for corporate clients and branching out into unsecured lending to individuals and small and medium-sized enterprises (SMEs) through alliances established with consumer finance companies.
In late June, the ...