The ruling coalition on Friday finalized proposals for revising securities taxes, which feature incentives for individual investors to boost flagging markets.
The coalition, however, postponed tax breaks related to land transactions and plans to establish a controversial entity that would buy banks' cross-held shares so a new administration that will take office after a party election next week can work out the details.
The latest tax breaks would reduce the central government's revenue by 90 billion yen, said Sohei Miyashita, a senior member of the LDP's Tax System Research Council.