Montag, 27. Oktober 2008

Japan's government

Japan Plans Measures to Support Stock Market, Nakagawa Says
By Kyoko Shimodoi and Tak Kumakura


Oct. 27 (Bloomberg) -- Japan's government will compile a package of measures to support the country's stock market, Finance Minister Shoichi Nakagawa told reporters last night after meeting with Prime Minister Taro Aso.
Japan's Nikkei 225 Stock Average slid 9.6 percent on Oct. 24 to within a percentage point of its lowest since 1982. The government may buy shares held by the nation's banks, the Nikkei newspaper reported Oct. 25.
``Prime Minister Aso seeks to adopt measures to deal with falling stock prices,'' Nakagawa said, adding the government would work with the Bank of Japan. Nakagawa declined to say what measures the government would consider.
The government may announce measures to support financial markets as soon as today, the Yomiuri newspaper said.
To contact the reporter on this story: Kyoko Shimodoi in Tokyo at kshimodoi@bloomberg.net; Tak Kumakura in Tokyo at tkumakura@bloomberg.net.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aLNzDyvjDADw&refer=home

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