Kaoru Yosano, finance minister, said that he had instructed government officials to look into measures to counter falling stock prices, including a 1960s scheme involving two consortiums that spent Y400bn ($4.1bn) to counter selling pressure over two years.
“It is undesirable for share prices to fall, causing unnecessary consequences,” said Mr Yosano, who also serves as financial services minister and economics minister.
“I discussed with government staff . . .what we could do generally to deal with (falling) share prices. We must consider this, keeping an eye on market moves.”
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