The ruling coalition finalized a bill Wednesday to expand the government-funded Resolution and Collection Corp.'s powers to clean up banks' nonperforming loans.
The bill, which would amend the Financial Reconstruction Law, is expected to be submitted to the Diet next Tuesday, they said.
Its enactment would represent one of the first concrete moves by Prime Minister Junichiro Koizumi's administration to help speed up the disposal of banks' bad loans.
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