LCTBLicking County Transit Board
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The possible loss to taxpayers includes the 3.6 trillion yen the government spent to cover LTCB's net liabilities and losses as well as losses under a special loss-coverage clause in the LCTB sales contract requiring the government to buy back claims on loans after a sharp drop in their value.
23 Kyodo Prime Minister Keizo Obuchi assured customers of the Long-Term Credit Bank of Japan (LCTB) on Friday that their deposits, bank debentures and other claims on the bank will be fully protected even after LTCB is temporarily nationalized.