61.   Japanese banks have so far been reluctant to sell bad loans to RCC because such sales are seen as implying financial weakness in the lenders.

62.   Last January, Royal Bank of Scotland sold the loan on to Stephens.

63.   Mizuho plans to sell the loans to regional banks and life insurers, the report said.

64.   The affiliates had earned the money by buying and selling bad loans including land and properties as collateral from Japanese financial institutions, the reports said.