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22 March 2001 15:18  Japanese banks to write off 4 trillion yen in bad loans


Tokyo, March 22 (BridgeNews) - Sixteen major Japanese banks will write off a 4 trillion yen in bad loans this fiscal year ending March 31, the Nihon Keizai Shimbun reported. The expected size of the write-off will be 1.6 times the figure they predicted in autumn 2000, the business daily said.
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