Minister hints at Japanese wealth fund

Japan's Financial Services Minister said on 29 June that the country should debate whether to set up a fund to manage its foreign currency reserves.

However the minister, Yuji Yamamoto, said that he did not know whether the government was considering such a step. It was important to examine both good and bad effects on financial markets and the extent to which the public sector might be involved, he said.

Japanese press reports the day before indicated that the government might submit a bill to

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