Note 1-21

21 In March 1998 the Financial Crisis Management and Review Committee implemented the first injection of public capital (1.8156 trillion yen) into 21 banks including major banks, etc. In October 1998, the Financial Function Reconstruction Law, revised Deposit Insurance Law, Financial Function Early Strengthening Law, etc. were enforced, and the Long-Term Credit Bank of Japan and the Nippon Credit Bank were put under state control in October and December the same year. Furthermore, in the same month, the Financial Reconstruction Commission was launched. In March 1999 there was an injection of public capital into 15 major banks (7.4593 trillion yen) and from September the same year to March 2002, there was an injection of public capital into 17 banks including regional banks, etc. (1.1461 trillion yen).