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

TOKYO (Reuters) – 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.

“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.