TOKYO - The Japanese government should assist restructuring of local banks, securities houses, and insurance firms as part of its economic stimulus package, Economic Planning Minister Takeshi Noda said at a press conference.
Mr. Noda quoted Foreign Minister Michio Watanabe as saying at a cabinet meeting this week that government leaders should do something drastic and unusual to stop falling stock prices when it announces its economic-stimulus package this month.
Mr. Watanabe pointed out that falling stock prices are making pension fund management difficult which hurts individuals.
