Japanese proposal to govt gives Nikkei a boost

NIKKEI'S FILLIP: Japanese lawmakers want the govt to return to its 0 per cent interest rate policy.

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Hong Kong: The Nikkei also got a boost after ruling party lawmakers submitted a proposal to the Japanese government, which they believe will help bring confidence back to their stock market. Under the new proposal, the government would cut capital gains and dividend tax. The law makers also want the government to return to its 0 per cent interest rate policy. Few economists, though, believe that the proposal is practical but they do say that the move sends a strong message to the market that Japan is ready to take aggressive action to show up its stock market.