Press Conference by KATO Katsunobu, Minister of Finance and Minister of State for Financial Services

(Excerpt)

(Friday, November 29, 2024, 5:23 pm to 5:31 pm)

Q.

Yomiuri Shimbun announced that it will establish a new stock price index with the aim of encouraging investments in Japanese companies and assisting people with their asset formation. How do you think  this announcement as the minister in charge of financial services? Could you explain your view?

A.

First of all, I will refrain from making any comments on an individual case.
However, the national government is promoting its policy to turn Japan into a leading asset management center, and from that perspective, as the development of a new stock price index in Japan will lead to the provision of new investment products, which will increase options for people to make investments in Japanese companies through stock markets, we consider it preferable also from the viewpoint of promoting people's asset formation.