51. It has also refused to reveal who were the major borrowers from the housing lenders, though the lists have been leaked to Japanese newspapers. 52. Japanese bonds were little changed as investors looked to a crucial Diet session starting today for signs of whether a plan to liquidate seven failed housing lenders will pass. 53. Japanese stocks fell for a third day amid concern a bailout of troubled housing lenders will become bogged down in parliamentary debate. 54. Just what MOF will do with the housing lenders has attracted widespread media attention in Japan. 55. Kubo also said the government may have to use additional taxpayer money to cover losses that could result from other housing lender loans that may become unrecoverable. 56. Long-Term Credit will write off more loans to the housing lenders than Sakura. 57. Many banks are struggling to write off billions of yen in soured loans linked to affiliated housing lenders and non-bank financing companies. 58. Meanwhile, seven of the eight housing lenders continue to struggle even under their reduced burden. 59. Most Japanese newspapers, though, have written little about it, concentrating instead on the housing lenders. 60. Murayama decided to step down last week shortly after the coalition government proposed controversial measures to deal with trillions of yen in problem loans extended to the housing lenders. |