Japan's Government Considers Stock-Buying Plan

Could the Japanese government become the country's stock buyer of last resort? It's not so far-fetched: Less than a week after business leaders proposed that the government prop up Tokyo's sagging stock market, Prime Minister Taro Aso's ruling party appears to be giving the idea serious thought. On Mar. 13, Finance Minister Kaoru Yosano told reporters that the Liberal Democratic Party next week will discuss the details of a plan to spend public funds on shares owned by banks and other companies.

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