• SHARE

Finance Minister Masajuro Shiokawa said Friday he will try to get the Bank of Japan to further ease its already ultra-easy monetary conditions when the BOJ Policy Board meets next week.

“I hope the bank will provide funds in a more diversified way, other than increasing the purchase of government bonds,” Shiokawa said.

However, the Finance Ministry does not intend to specify how the bank should ease monetary conditions, Shiokawa said.

He also said the ministry will propose “feasible” tax reforms later this month to the government’s Tax Commission, the important Council of Economic and Fiscal Policy and the Research Commission on the Tax System of the ruling Liberal Democratic Party.

Although the government is planning to implement comprehensive tax reform in the next fiscal year, the recent plunge in stock prices has invited calls for urgent action to revitalize the economy.

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.

SUBSCRIBE NOW