22 February 2002, 09:27 Japan's Fukuda - Govt agrees no need of forced bank capital injection for now
TOKYO (AFX-ASIA) - Cabinet Secretary Yasuo Fukuda said the
government has agreed a common position that there is no need forcibly
to inject public funds into banks at this point in time.
"We will inject money into banks if it is necessary but the
goverment has agreed there is no need for a forced capital injection at
this time," he told a regular press conference.
Fukuda said the government's plan to increase the burden of health
costs on the public from the current 20 pct should be limited to 30
pct.
"If the burden rises further, beyond 30 pct, it will cause trouble.
I believe there should limits," he said.
"Tax measures to counter deflation should be carefully studied in
the context of the long-term overhaul of the tax system because
measures will temporary," he said.
The government is scheduled to announce a more detailed
anti-deflation package on Monday evening.
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