Japan 'has drafted' anti-deflation package

JAPAN - The Japanese government has drawn up the outline of an anti-deflation package and will finalise the draft towards the end of the month, the Sankei Shimbun newspaper reported on Sunday.

With Tokyo share prices hitting 19-year lows last week, the package has been a focal point for markets, with investors wondering whether steps will be taken to deal with banks' bad loans.

It will touch on the need to toughen standards on classifying bad loans and to consider refining laws for a possible r