Japan govt spokesperson says no change in policy promoting investments over savings

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Japan govt spokesperson says no change in policy promoting investments over savings - Channel News Asia

Quick Summary:

TOKYO : Japan's top government spokesperson said on Wednesday there was no change to the government policy of promoting the public's shift from savings to investments despite recent volatile stock market fluctuations.

FILE PHOTO: Japan's Chief Cabinet Secretary Yoshimasa Hayashi speaks during an interview with Reuters in Tokyo, Japan July 19, 2024.

"It is important to realise a virtuous cycle in which household investments lead to higher corporate value via financial markets, and then it comes back to households in the form of increased capital income," Chief Cabinet Secretary Yoshimasa Hayashi told a regular news conference.