TOKYO - Japan's Ministry of Finance will allow banks to delay writing off their stock market losses until the end of the current fiscal year, Finance Minister Tsutomu Hata said at a press conference Tuesday.

In their half-year financial results, banks must disclose market losses incurred in the April-September period, Mr. Hata said, but they can postpone any necessary writeoffs until March, when they close their books for the 1993 fiscal year.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.