A Liberal Democratic Party task force expressed its support Thursday for the principles of a plan to set up a 10 trillion yen fund through bond issues to help protect depositors.

The group also decided to consider working the idea into the party’s financial stability package, to be formally unveiled next Tuesday. But details concerning the actual amount of public money to be utilized and how it would be raised were left to the panel’s leader, former Prime Minister Kiichi Miyazawa, who is responsible for finalizing the details by Monday.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.