How was the non-performing loan problem resolved in the 2000s in Japan? Choose one answer.

A. Recovery of land prices allowed Japanese banks to recover a major part of loan losses by selling seized collateral.

B. The Bank of Japan purchased new shares of Japanese banks.

C. Japanese banks removed non-performing loans from their balance sheets by writing them off or selling them to the Resolution and Collection Corporation.

D. Japanese Banks could offset loan losses from non-performing loans by profit from new lines of businesses, such as securitization.