UPDATE 1-Japan's Okuda: banks must restructure to win trust

Newswire

(Updates with company plan to transfer part of its bad loans) TOKYO, Nov 25 (Reuters) - The head of Japan's main business lobby, Hiroshi Okuda, said on Monday that the nation's banks need to go through restructuring in order to regain public confidence. "Banks first should go through restructuring and this is one of the ways for the banks to regain confidence," Okuda, chairman of the Japan Business Federation, told a news conference. Okuda, who is also chairman of Toyota Motor Corp , ...

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