The Liberal Democratic Party on Monday decided to set up an in-house panel to draw up measures to bolster Japan's faltering stock markets, party officials said.

Under the gun to inflate markets by the March 31 end of the fiscal year, the panel is hoping to complete part of its work by the end of this month.

During their talks Monday, LDP policy affairs chief Shizuka Kamei and Hideyuki Aizawa, former head of the Financial Reconstruction Commission, agreed on the launch of the panel, which will begin debate Thursday.