Posts minister Toranosuke Katayama proposed Monday using postal savings and insurance funds to strengthen the functions of the state-run stock buying entity in a bid to bolster sagging share prices.
The proposal came during a meeting of the government and the Bank of Japan, in which both sides agreed to swiftly decide on moves to cope with the seemingly endless slide in share prices, with the Nikkei stock average repeatedly hitting 20-year lows.
The two sides will meet again Wednesday to discuss ways to tackle the issue, Chief Cabinet Secretary Yasuo Fukuda said.