TOKYO (AFX-ASIA) - Taku Yamsaki, secretary general of the Liberal Democratic Party, said it is necessary for the Bank of Japan to implement a further monetary easing, together with the government's planned tax incentives, in order to boost the economy. "To boost the economy, we should focus on use of monetary policy and tax incentives. That is, the BoJ should pursue a further monetary easing," Yamasaki said on a domestic television programme this evening. "There will be a possibility that a law of tax incentives aimed to revitalize the stockmarket and land transactions is enacted in the next extraordinary parliament in the autumn." "We are not considering increasing expenditures for the public works projects because we have learned a lesson from past failures that such measures have no effect on the economy.