Reform is very much stalled. I doubt very much that the current political gridlock can continue indefinitely because the economic shock absorber system cannot go on indefinitely. Muddling through doesn't work. No one disagrees with bringing the sick back to health. However, trying to prop up the living dead has a real and unavoidable economic cost.
Bad debts mean more than paper losses.
They reflect tons of steel, cement, machines and labor hours that went into building offices and factories that cannot pay for themselves. There was a drawdown of society's economic resources, but not enough replenishment. The result is that the real productive capacity of the economy reduced. More common forecasts are for negligible growth and some even see a new recession this year or next. By most accounts, the MOF tried desperately to get stronger banks to take over Takugin but the latter refused.