31 October 2001, 08:52 SHIOKAWA - MOF MULLS WHETHER TO SPEED UP SALES OF NTT, JAPAN TOBACCO STOCKS
TOKYO (AFX-ASIA) - Finance Minister Masajuro Shiokawa said the
ministry is considering accelerating sales of Nippon Telegraph Corp and
Japan Tobacco Inc to make up for a potential shortage in tax revenue
next fiscal year.
"The law forcing the government to hold some of these shares is
blocking further sales of stock but if the law's restrictions were
lifted, there would be a substantial volume that we can sell," Shiokawa
said.
"So we are considering how to sell them," he told a parliamentary
Lower House economic and fiscal policy committee in response to a
question on how the government will cope a possible shortage in tax
revenue.
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