A review of Japan’s legal requirement for firms to provide quarterly financial reports is a matter of course, given Prime Minister Fumio Kishida’s "New Capitalism" policy framework, according to the head of a ruling party finance panel.

"It’s meaningful to do this as we aim for a (style of) capitalism that will enable Japan to grow,” Satsuki Katayama, a former Finance Ministry bureaucrat and head of a ruling Liberal Democratic Party committee on finance and securities, said in an interview Friday. "But there is absolutely no intention to reduce the amount of information companies disclose.”

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