Regulator unveils Japan bank stock buying fund

JAPAN - Japan's top financial regulator on 26 June unveiled plans for a fund to soak up massive amounts of shares owned by banks to cut their exposure to an uncertain stock market, giving Japan's economic reforms a nudge forward.

But with pressure rising on the government to do as much as possible to limit the pain that could accompany deep, structural changes in the world's second biggest economy, policymakers on 26 June sought to assure an anxious public that a prolonged recession can still

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