A House of Representatives panel will summon Mizuho Holdings Inc. President Terunobu Maeda and the heads of Japan's three other major banking groups to give unsworn testimony Wednesday on the results of recent government inspections.
The Lower House Committee on Financial Affairs is expected to question the four bank chiefs over their planned response to the results of the inspections, which were conducted by the Financial Services Agency to assess what number of loans to 149 companies has turned sour.
As a result of the FSA inspections, released last Friday, the nation's 13 major banks will book a combined 7.8 trillion yen in loan-loss charges for fiscal 2001, up from the 6.4 trillion yen they had projected earlier.