TOKYO (AFX-ASIA) - Finance Minister Masajuro Shiokawa said stock prices will rebound after the G8 summit meeting. "I am extremely worried over the stockmarket declines. But I think stock prices will bounce back after the G8 countries release a statement on the world's economic cooperation," Shiokawa told a regular press conference, when asked about today's 230-point drop in the key Nikkei 225 index. Shiokawa said there will be no discussion about stockmarkets, including Japan's, at the G8 summit meeting. He added: "I will try to persuade the government tax panel to speed up discussion of the securities tax incentive to boost the stockmarket. And I hope the tax incentive should be enacted in the coming extraordinary parliament session in the autumn." Shiokawa also said, "I think that the upcoming G8 summit meeting will not take up Japan's bank bad loans issue. Instead, they will focus on Japanese structural reforms." On the economic situation, Shiokawa said, "The persistent (share) price declines are hurting the Japanese companies in times of profitability. So, the Bank of Japan should put more focus on the effects of the price declines."