TOKYO (AFX-ASIA) - Bank of Japan governor Masaru Hayami has offered a commitment to the government to consider further monetary easing at the bank's policy board meeting tomorrow, Finance Minister Masajuro Shiokawa said. "The BoJ governor expressed understanding of the government's hopes for more ample provision of liquidity into the banking system," Shiokawa told reporters after a meeting of key economic officials to discuss anti-deflation measures. Shiokawa and Hayami both attended this morning's unofficial meeting, along with State Minister for Economic and Fiscal Policy Heizo Takenaka and Minister of Financial Affairs Hakuo Yanagisawa. "Hayami told us that, through the deliberations of the policy board, the central bank will do its best to offer effects in line with the government's anti-deflation policy," Shiokawa said. The ministers also outlined fiscal proposals aimed at propping up the weak equity market, he said. "We decided on policy aimed at boosting the stockmarket, agreeing to allow the creation of exchange-traded funds based around industrial sectors from early March and provide tax incentives on profits from ETF transactions," he said. Exchange-traded funds, which were recently introduced in Japan, are similar to mutual funds, allowing investors to buy into a collection of stocks, but their units are also listed so the funds can be traded during market hours. The government hopes these vehicles, which will help improve market liquidity, will encourage more investors to buy domestic equities. The funds can also be used to hold stocks that are part of companies' cross-shareholdings, potentially reducing the impact on the market of firms' attempts to run down these holdings. Shiokawa added that the ministers' agreed this morning to urge more disclosure on bail-outs of indebted companies by their lenders. Analysts have voiced concerns that recent bank bail-outs may simply be delaying restructuring. "We agreed to seek accountability on bail-outs of companies by major banks," he said. The meeting also discussed how to handle the results of special inspections into banks currently being carried out by the Financial Services Agency. "Takenaka will explain to reporters the details after this evening's council on Economic and Fiscal Policy," Shiokawa said. However, Yanagisawa told reporters that no agreement had been reached so far on how to handle the outcome of the inspections. The government has previously said it will publish the results, which may show banks are undercapitalised. "The handling of the outcome of the special inspections is a matter for future consideration," Takenaka said after this morning's meeting.