The period from fiscal 1998 through fiscal 2002 saw 10.433 trillion yen in taxpayer funds spent on failed financial institutions, government sources said Thursday.
The Financial Services Agency is expected to submit a report on the matter to the Cabinet on June 6, the sources said.
This amount represents an increase of 783.4 billion yen from the end of September, with the government having used more public money to deal with two failed regional banks -- Ishikawa Bank and Chubu Bank -- and five North Korea-linked credit unions, they said.
The FSA also said that of the bad loans that the nation's seven major banks have extended to borrowers that are either bankrupt or at risk of bankruptcy, 3 trillion yen surfaced between the end of September and the end of March.
The FSA compels banks to remove bad loans from their balance sheets within two to three years.
As of the end of March, the major banks were still saddled with 8.7 trillion yen in bad loans, down 6.6 trillion yen from the end of September.