Financial Reconstruction Commission

Financial Reconstruction Commission

A former agency of the Japanese government that oversaw financial policy. It managed and disposed of assets nationalized in the wake of the Asian financial crisis. It was established in 1998 as part of the response to the crisis. It was merged into the Financial Services Agency in 2001.
References in periodicals archive ?
But in December 1998, he resumed a career as a public servant when he was made chief of the Financial Reconstruction Commission secretariat.
The merged unit is expected to take over the operations of collapsed credit unions serving South Koreans in Japan, including Kansai Kogin, which was declared insolvent by the government's Financial Reconstruction Commission on Saturday.
The Financial Reconstruction Commission (FRC), the predecessor of the Financial Services Agency (FSA), planned in 1999 to push integration and mergers among 121 provincial banks by offering to inject public funds into their depleted capital accounts, according to an FRC document released Tuesday.
A group of South Korean business people residing in Japan has asked the Financial Reconstruction Commission (FRC) to have a proposed new bank take over the operations of Credit Cooperative Osaka Shougin, a credit union based in Osaka that went bankrupt in 1998, group officials said Wednesday.
The highest decoration this spring, the Grand Cordon of the Order of the Rising Sun, went to seven people, including Hideyuki Aizawa, 82, former head of the Financial Reconstruction Commission, and former Toyota Motor Corp.
The government's Financial Reconstruction Commission (FRC) declared Chogin Kinki insolvent on Dec.
A Chinese woman has been arrested on suspicion of running an "underground bank" by remitting money from Japan to China without a permit from the Financial Reconstruction Commission, police said Friday.
A task force of the LDP's Research Commission on the Finance and Banking Systems, led by former Financial Reconstruction Commission head Hideyuki Aizawa, and BOJ Policy Board member Minoru Masubuchi confirmed their understanding at a meeting of the task force attended by Masubuchi, they said.
Aizawa, former chief of the Financial Reconstruction Commission, said the credit-easing steps could include an increase in the BOJ's outright purchase of long-term government bonds to boost liquidity in the financial market.
The Financial Reconstruction Commission decided Thursday to give a banking license to PT Mandiri (Persero) of Indonesia to open a branch office in Tokyo, commission officials said.
the Financial Reconstruction Commission, now known as the Financial Services Agency, urged the DIC and RCC to re-examine the management's responsibility.
Given Financial Reconstruction Commission chief Hideyuki Aizawa's positive stance toward allowing life insurers to reduce their guaranteed yields, members said it is the LDP's political responsibility to reach an early conclusion to the issue, the sources said.

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