Number: RS20994
Title: Japan's Banking "Crisis"
Authors: Dick K. Nanto, Foreign Affairs, Defense, and Trade Division 
Abstract: The Japanese economy is burdened by an overhand of nonperforming bank loans that are officially recognized to total $367.5 billion but could exceed a trillion dollars if all problem loans are taken into account and economic conditions worsen significantly. The United States and Japan have initiated a Financial Dialogue led by the U.S. Treasury to discuss various financial issues - including the bad loan problem - and the Bush Administration has said it would assist Japan in pursuing its economic reforms in any way it can.
Pages: 6
Date: Updated August 17, 2001