Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject	5/6/2003 6:38:56 AM
From: sciAticA errAticA	Read Replies (1) of 74559

Japan coalition politicians propose stock boosting 5/6/2003 5:12:09 AM TOKYO, May 6 (Reuters) - Japan's ruling coalition parties will ask the government to oblige the semi-privatised postal savings agency to step up its buying of Japanese shares, a senior ruling party politician said on Tuesday. Hideyuki Aizawa, head of a Liberal Democratic Party (LDP) group discussing financial market issues, also said the parties would call on the Bank of Japan to set an inflation target and to buy more Japanese government bonds outright in order to overcome the nation's chronic deflation. Aizawa was talking to reporters after a meeting of coalition lawmakers to address concerns over floundering stock prices, which fell to 20-year lows last month. He called for an easing of the rules covering firms' transfer of pension assets to the state, one of the main factors behind the recent weakness of prices. cbs.marketwatch.com;

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