Japan will tell its partners in the OECD that it will continue promoting structural reforms to put its economy in order, Heizo Takenaka, economic and fiscal policy minister, said Tuesday.
Takenaka is expected to attend a two-day ministerial meeting of the OECD beginning Tuesday in Paris and outline efforts to handle deflation and structural problems.
"Japan plans to explain that it has steadily promoted structural reforms, meaning that the (nation's) economy has moved in the right direction," he said.
It is important to tell Japan's OECD partners that it is committed to the reforms, Takenaka said. Takenaka will also outline the government's revised economic and fiscal policy that will be unveiled in June, he said.
Separately, Takenaka, who doubles as financial services minister, said he does not support a proposal to create a stock-buying body if it is designed to artificially boost share prices.
"We must question whether such a scheme will work in Japan's stock markets, which are worth more than 200 trillion yen," he said.
A panel of antireform members of the Liberal Democratic Party wants to spend 12 trillion yen of the Bank of Japan's money to lift share prices.