TOKYO (AFX-ASIA) - State Minister for Economic and Fiscal Policy Heizo Takenaka said the current fall in the stockmarket will not have a major negative impact on Japan's macroeconomy. "There is some impact, such as the falls in the value of stocks held by banks, but only a week's fall in the stockmarket will not have a major negative impact on the overall Japanese economy," he said. Takenaka said the government will proceed with its plan for further structural reforms, adding that the Council of Economy and Fiscal Policy will release details of its reform schedule. "I would have liked to take some time to make a schedule but because of the stockmarket fall it is better to speedy," he said. Takenaka said price falls, after today's CPI data, are more severe than generally expected. However, he said the government's stance towards supporting the policies of the Bank of Japan has not changed. "Our target is to stop price falls. Of course we have high expectations of the BoJ's monetary policy, but it is not enough to stop the price decline. It is necessary to accelerate the debate of what we can do to stop price falls." Takenaka added that the government should also still keep to its 30 trln yen new bond issuance ceiling. "I think the majority of council members basically support this target," he said.