Tokyo reiterates its no-bailout position.

TOKYO - Finance Minister Hirohisa Fujii told the budget committee of the lower house of parliament that Japan still has no intention of using public funds to help banks solve the problem of their nonperforming loans.

"The policy should be the same as before," Mr. Fujii said. The government does not favor injecting public funds directly into banks' collective credit purchasing corporation. Major Japanese banks set up the Cooperative Credit Purchasing Corp. in January 1993 to buy their nonperforming loans.

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