Finance Minister Masajuro Shiokawa said Tuesday he would tolerate proposed tax cuts of 2.5 trillion yen or more if the drop in tax revenues were to be balanced out in the long run.
Like some other ministers, however, he voiced opposition toward a plan to use public pension funds to purchase exchange-traded funds as a means of bolstering the stock market.
"I would not mind if tax cuts add up to 1 trillion yen, 1.5 trillion yen or 2 trillion yen," Shiokawa told a news conference.