In 1997, after the collapse of the foam economy, Japan's financial sector fell into crisis. Banks are also at a critical juncture due to the issue of huge non-performing loans. In this context, Sanyo Bank, one of the large city banks, has begun to implement "batch transfer", which involves packaging and selling difficult to recover non-performing debts to investment companies. three
In 1997, after the collapse of the foam economy, Japan's financial sector fell into crisis. Banks are also at a critical juncture due to the issue of huge non-performing loans. In this context, Sanyo Bank, one of the large city banks, has begun to implement "batch transfer", which involves packaging and selling difficult to recover non-performing debts to investment companies. three