23 April 2002, 12:46 Takenaka - new targets for bad-debt write-offs to be discussed
TOKYO (AFX-ASIA) - State Minister for Economic and Fiscal Policy
Heizo Takenaka said the Economic and Fiscal Policy Committee will
discuss whether it is appropriate to set new targets for further
bad-debt write-offs.
"In previous meetings, participants from the private sector
suggested setting ROA or ROE targets for further bad-debt write-offs.
We would like to discuss the matter in future meetings," Takenaka said
at a news briefing.
Asked about the achievements of the government under Prime Minister
Junichiro Koizumi, Takenaka said that under Koizumi's restructuring
plan, the government has been able to tackle sectors which it had
previously been unable to touch.
"(Under his restructuring efforts), we were able to move into
sectors which previously we were unable to touch," Takenaka said.
He added that the government has also successfully changed previous
fiscal policy which had depended heavily on government bond issuance.
Takenaka reiterated that the government should not depend on bond
issuance fiscally.
"The Japanese economy is now moving towards bottoming out. We
should not embark on a policy" to increase bond issuance," he said.
© 1999-2024 Forex EuroClub
All rights reserved