抄録
The suit filed by the Housing Loan Administration Corp. on June 30, 1998 against Sumitomo Bank in connection with Sumitomo 's alleged responsibility for the "jusen" housing loan fiasco has finally been settled by reconciliation on Feb.1, 1999. In court, Sumitomo's responsibility for huge bad loans by their inappropriate behavior was questioned. Though Sumitomo asserted that they had no legal responsibility, the Housing Loan Administration Corp. was consistently claiming that the banks which will receive public funds for survival should take the responsibility in such a case from the moral viewpoint. As a result, reconciliation that Sumitomo will pay 3,000 million yens has finally been obtained. This case appears to be one of the most important examples that pursuit of morality could become one solution even if the legal responsibility is not so clear and to be a good model showing the relation of companies and morality.
