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DPJ policy chief proposes Japanese sovereign wealth fund

Posted on 30 September 2011

Japan should set up a sovereign-wealth fund to fight the high yen, and sell as many government assets as possible to reduce reliance on tax increases to fund quake reconstruction, the ruling party’s policy chief said Wednesday.
“We would like to consider a national fund, or a so-called sovereign-wealth fund,” Seiji Maehara said in an interview, adding that Prime Minister Yoshihiko Noda said he would examine the idea……………………………………….Full Article: Source

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