To build a financial system comparable to that found in other countries, Japanese financial institutions should devote their energy to clean up current non-performing loans. In addition, they must restructure their own organizations and team-up with others in the industry. At the same time, as per the original plan, eliminating the freeze on thカジノシークレット 入金方法ayoff system should be implemented in April 2001. The financial industry should be fully governed by thカジノシークレット 入金方法rinciple of self-responsibility and the market discipline.

To achieve this, Keidanren urges the Japanese government and the ruling political parties to promptly present a blueprint that covers the following issues and to give it concrete shape with appropriatカジノシークレット 入金方法ublic support.

Improve Legal and Tax Systems to Promote Restructuring of カジノシークレット 入金方法inancial Industry

1. Introduce カジノシークレット 入金方法ollowing legal and tax systems during the next ordinary session of the Diet:
   1. Legal system for corporate split and corresponding tax measures
   2. Tax measures for equity transfers and exchanges
   3. Legal rules regarding the transformation of mutual lifカジノシークレット 入金方法nsurance companies into joint-stock corporations
2. Implement the consolidated tax payment system from fiscal 2001

Establish a New Safety Net and Similar Infrastructure

1. Establish a new safety net
   1. Set up conditions that will allow for quick payment on insurance claims
   2. Implement a bankruptcy processing system similar to the so-called Purchase and Assumption(P&A) in the United States, which allows for partial transfer of business operations outside of judicial proceedings
   3. Establish the bridge-bank system and the special public management system, which can be exceptionally implemented when there is no immediate successor or there is thカジノシークレット 入金方法ossibility of systematic risk.
   4. Introduce a loss sharing rule for subsequent losses. This will help to find a successor to a bridge-bank, a special public management bank and to assist prompt application of thカジノシークレット 入金方法&A technique
   These four measures enable Japan's financial industry to sufficiently sustain its clearing function.
2. Clarify the treatment of current financial measures when the freeze on thカジノシークレット 入金方法ayoff system will be eliminated
3. Reassess thカジノシークレット 入金方法ostal savings system

Introduce Systems that Establish Self-Responsibility and Fully Exercise the Market Mechanism

1. Enact a "Financial Services Act" at the earliest occasion
2. Further reinforce consistency in the area of financial administration