Also require repayment mortgage payoff had borrowed in the activation (? )

The japanese promotion bank management failure.To our national first paying off motion

“There are no times when the financial institution collapses”, – -

Now, as for the person who nods in this word first it is not, probably will be.So, the fact that it has become the opportunity which can be thought, is independent discontinuance of 1997 November Yamaichi Securities Co., Ltd.The major stock company of the Tokyo Stock Exchange part presentation the serious matter that was truly shocking news it becomes not to go out.In the occasion of interview, “everyone me (the management) is bad, it is being, as for the speech of correct flat President Nozawa that the employee is not bad”, there are no times when even now it goes out from memory of my guide.

But, it passed this only introduction, furthermore in same month (November of 97) the Hokkaido Takushoku Bank, Ltd., following in October of 98, many banks and the life insurance company such as long-term credit bank and in June of 99 Tokyo phase harmony bank kept failing one after another (the below-mentioned reference).The ministry of finance (at that time) it was placed under protection and regulation, “escorted convoy system”, raising sound, it is instantaneous keeps deteriorating.Simply, because the individual financial institution inferior claim was held in large quantities with bubble collapse, structural physical strength decrease of the financial system not only saying, includes financial administration “pushed down and induced the domino”.

1997years4month nissan life (through the aobaseimei, prudential insurance company of america to the current)
1997years11month yamaichi securities
1997years11month hokkaido takushoku bank
1998years10month long-term credit bank of japan (shinsei bank currently)
1998years12month nippon credit bank (aozora bank, the current)
1999years6month tokyosowaginko (the tokyo star bank, the current)
1999years6month toho life (the currentAIGedison life)
1999years10month nigatachuoginko

2000years5month hundredth of life (manulife current)
2000years8month taisho life
2000years10month chiyoda life (the currentAIGstar life)
2000years10month kyoeiseimei (current gibraltar life)
2001years3month tokyo life (the currentT&Dfinancial life)
2003years11month ashikaga bank (one o’clock nationalization)
2008years10month yamato life (2000years8taisho saucer of life company went bankrupt in may)
2010years9month promotion bank of japan

that yamaichi shock from13years. this year, and now that same tragedy is repeated once again. 9month10day, about6194billion (10years3at the end of) those debts, japan promotion bank has filed for civil rehabilitation law to the tokyo district court. 1second only to japan airlines of the month, this year3bankruptcy is the second large. at the same time, payoff has been invoked for the first time in our country.

and the payoff is when you literally pay off = refund that of, if financial institutions went bankrupt, refund the principal and interest payments for up to a fixed amount (=protect) system is that of. social disruption and a large bank collapse, could not occur, such as mounting turmoil rush to contact the bank’s many depositors. also, no longer enough to sustain their cash flow suddenly stopped lending, you have to worry about companies that went bankrupt leaving. there, mechanism does not cause confusion even if the bankruptcy banks were required.

payoff is in direct deposit insurance corporation, is to protect a certain amount of funds entrusted to depositors, effect to minimize this confusion will be expected to. current, payoff is being protected by the same depositors of financial institutions1per capita 1000interest and its ten thousand yen is up to. it might be just your tv is cut part of the interest, such as savings and time deposits, noninterest-bearing deposits for settlement will be fully protected, regardless of the amount is due from banks.

in this column, if financial institutions have borrowed mortgage went bankrupt, why is the mortgage be treated as any payoff in the activation, you decide to explain clarity on the next page.

about7in months, an applicant for a loan repayment grace period the number of housing6reach to over ten thousand people

at least6ten thousand3000of weak people who are suffering from mortgage repayment.

if you were bankrupt financial institutions have borrowed mortgage, its mortgage payoff, but what happens in the trigger? —— first, or have difficulties in housing loan repayment is how many people, here are some interesting data from.

09years12which took effect in january facilitate small and medium-sized corporate finance law by, financial institutions if there was a request from small businesses and mortgage borrowers, to respond to changing conditions, such as loan obligations and efforts are now. received its institutional, this year6at the end of6ten thousand3000of weak people who have offered to change conditions for the mortgage is now a survey by the financial services agency (see the table below.) . of course, therefore there is a change of conditions in need repayment. does not have to say pretty serious situation.

1000deposit in excess of ten thousand yen also been reduced, mortgage is not reduced by any

why, and say or taking out a mortgage here talk of needy, 2005years4payoff has been fully lifted in may, (again) depositor1deposits per capita 1000interest and its ten thousand yen no longer are protected only up to. that is, is self-responsibility came to be imposed on depositors. of course, if, must be asked is management responsibility also on the side of failed financial institutions. if the deposit had been borrowed from financial institutions that mortgage, same payoff as management responsibility, is a certain amount of mortgage debt forgiveness (=management responsibility) is that muscle is being.

because, deposit that is because it can be understood as a kind of financial institution lending of depositors. that is why, financial institutions are not being paid the interest on depositors.

but reality is, cut some mortgage (debt forgiveness) there is no be. promotion bank in the bankruptcy of japan, deposit insurance corporation was organized financial trustee, toward the financing of trade there is no change in repayment as usual we explained.

this there is no change in repayment as usual and a description of, and conscientious interpretation, for example, increase in the borrowing rate or repayment of the remaining bonds you can receive to deny that a tightening of lending conditions, such as. but, depending on how you look at does not have to be reduced also a message that, of management responsibility only you can not glimpse the character of. indeed, system and will say to the financial institution was able to conveniently.

only, if you have deposits in financial institutions have borrowed mortgage, to offset both by the imposition of payoff has been recognized. for example, the same deposits in financial institutions1500million yen, residue of mortgage bonds3500assuming that the ten thousand yen, the balance of the mortgage to offset2000million yen (3500million yen－1500million yen) can be compressed to. this deposit amount is zero (1000million yen or less) by becoming a, will be cut from a deposit is some worry will be open.

simply, substantially of deposit1500repayment was merely raising a million yen, the original debt amount itself does not indicate a reduced. 1000deposit amount in excess of ten thousand yen is part been cut, despite the self-responsibility will be taken……is. this point, guide i do not quite understand it. unreasonable to impose a system responsible for depositors only, determined, NO must pose a.