The ruling Liberal Democratic Party approved a set of proposals Tuesday to rev up the stock market, including one to exempt from taxation the capital gains made on shares bought in 2002 and held for two or more years, LDP officials said.
The measures were endorsed by the LDP's Research Commission on the Tax System.
The government has been formulating measures to boost individual participation in Japan's anemic stock markets at time when the Nikkei stock average is fighting to hold onto the psychologically important 10,000-point threshold.