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Ishihara, 51, earned recognition as one of a new generation of policy-oriented politicians with his ardent support for the enactment of the 1998 Financial Revitalization Law.
The margin of reduction was the biggest since the nation's financial regulator began calculating banks' bad loans under the financial revitalization law, which came into force in fiscal 1998, an FSA official said.
The bills include one to revise the Financial Revitalization Law to let the state-run Resolution and Collection Corp.
Non-Performing Loans under Financial Revitalization Law (Non-Consolidated)
After obtaining consent from its two coalition partners, the New Komeito party and the New Conservative Party, the LDP will present to the current Diet session a bill to revise the Financial Revitalization Law to let the RCC continue to buy bad loans from banks, the officials said.
The agency said the figures were calculated on the basis of standards under the financial revitalization law.
The LDP plans to present to the Diet next month a bill to revise the Financial Revitalization Law to allow the RCC to continue to buy bad loans from financial institutions, the officials said.
The figures were calculated in accordance with the definition of bad loans under the financial revitalization law, Shinsei Bank said in releasing its quarterly information for the April-June period.
NCB was placed under state control last month under the financial revitalization law after the government decided the bank was unable to resolve its bad-debt problem on its own.
Resona Holdings' unaudited quarterly financial report for the April-June first quarter of fiscal 2003 put the outstanding balance of nonperforming loans, as defined by the Financial Revitalization Law, at the subsidiary banks at 2,862.
The figures were calculated in accordance with the definition of bad loans under the financial revitalization law, Shinsei Bank said in releasing its latest forecast of its business performance during the past year ended March 31.
The report was compiled in line with the Financial Revitalization Law.
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