This paper considers the problem of finding n x n matrices A(k) and B-k tha
t minimize parallel to T - Sigma A(k) x B(k)parallel to(F), where x denotes
Kronecker product and T is a banded n x n block Toeplitz matrix with bande
d n x n Toeplitz blocks. It is shown that the optimal A(k) and B-k are band
ed Toeplitz matrices, and an efficient algorithm for computing the approxim
ation is provided. An image restoration problem from the Hubble Space Teles
cope (HST) is used to illustrate the effectiveness of an approximate SVD pr
econditioner constructed from the Kronecker product decomposition.