October 3, 2002
Financial Services Agency

Project Team for Emergency Strategy for Financial Sector

The Financial Services Agency (FSA) has decided to establish the Project Team for Emergency Strategy for Financial Sector with the aim to revitalize the Japanese economy, in response to the Prime Minister's orders to completely settle the non-performing loan (NPL) problem in FY2004. The Project Team will consist of experts in the private sector and the authorities, and will promptly and widely study the scenarios relating to the NPL problem in a comprehensive manner. Based on the discussions held in the Project Team, the FSA plans to crystallize the measures by the end of October.

Members

Yutaka Kosai		Chairman of Japan Center for Economic Research (Chairman)
Akio Okuyama		President and CEO of the Japanese Institute of Certified Public Accountants
Takeshi Kimura		Representative of KFi
Nobuyuki Nakahara		Former member of Policy Board of the Bank of Japan, Chairman of the American Studies Foundation, inc.
Kazuo Yoshida		Professor of Graduate School of Economics, Kyoto University

Minister, Senior Vice Minister, FSA Commissioner, Director-General of the Planning and Coordination Bureau, Director-General of the Inspection Bureau, Director-General of the Supervisory Bureau