On the Influencing Factors of Nonperforming Loan Disposals

我们重点研究了日本银行业不良贷款的发生和处置过程。我们的经验发现，监管容忍政策并不是不良资产处置的原因。另一方面，金融复兴计划虽然成功地降低了不良贷款率，但并没有改善银行的业绩。

We focused on the occurrence and the disposal process of nonperforming loans in the Japanese banking industry. We empirically find that the regulatory forbearance policy did not contribute to nonperforming disposal. On the other hand, although the Financial Revival Program succeeded in lowering nonperforming loan ratio, it did not improve the performance of banks.