The Glass is Now Half Full

[Mulboyne]

Japan's major banks emerge from bad-loan crisis, authorities say
After years of chipping away at bad loans, Japan's biggest banks have reached a milestone: They have met a key target set by the government three years ago to significantly cut loans to deadbeat corporate borrowers. On Wednesday, Bank Minister Tatsuya Ito declared that seven Japanese banks had reached a "turning point" in reducing by half the proportion of their bad loans to overall lending - a benchmark used to gauge a bank's health - after UFJ Holdings became the last to do so. Ito pledged to "maintain efforts to ensure this kind of bad-loan problem never resurfaces," and said authorities would now focus more attention on rebuilding the financial system...more...

[Buraku]

not a chance, they've been trying to sell that bullshit for the past 14 years and the nation stays in stagnation
http://fuckedgaijin.com/forum/viewtopic.php?t=9128&highlight=
http://forum.japantoday.com/m_276403/mpage_1/key_/tm.htm#350867
http://fuckedgaijin.com/forum/viewtopic.php?t=10915&highlight=
http://www.jref.com/forum/showthread.php?t=881

[Mulboyne]

they've been trying to sell that bullshit for the past 14 years

Not true. Official sources did not acknowledge the bad debt problem existed 14 years ago so they were hardly trying to sell the idea that the worst was over.

[Buraku]

15 + or almost 16 years ago the bubble burst
The Japan economists and Nippon investors declared it was only a short-term recession and told everyone to put the money in Japan and invest the cash invest their other savings in Tokyo...but Japan was already ranking up big debts ( not as enormous as the ones today ) the Yakuza construction firms were stelaing the nations wealth and Japan leadership was spending money faster than a Kogaru in a Prada shop
Many Nipponofiles got badly burnt, those who invested in S.Korea, the USA, Western Europe, China and Eastern Europe done well

today they're trying to sell the same sh*t except their produce is worse

SKorea and China now cast a shadow on Nippon

[Mulboyne]

Asia Times: Japan banks out of the woods
In what could be an end to a decade-long problem, all seven major Japanese banks have recently achieved the government-set goal of slashing their non-performing loans. "We continue to believe that we should be realistically positive on the major banks. There may not be a massive amount of organic growth potential in the short term, but net profits are set to continue to report new highs," said Goldman Sachs Japan in a recent report...Goldman Sachs reports that non-performing loans (NPL) for major banks have fallen to 7.7 trillion yen (US$70.76 billion) as of March 2005, after peaking in March 2002 at 27.2 trillion yen. By March 2006, the investment bank reckons this number will fall to 5 trillion yen. Given the banks' track record for failing to meet the mark in recent years, skepticism would seem a natural reaction. But independent experts say there is no reason to dismiss positive forecasts. "Their announcements are credible," said Toru Umeda, of Transparency Japan, an organization that tracks corporate and political corruption...more...