Japan Mulls Wealth Fund To Rein In Yen

Policy chief of Japan’s ruling party Seiji Maehara has proposed the establishment of a sovereign wealth fund, TheWall Street Journal reports. Japanese Prime Minister Yoshihiko Noda will be evaluating the suggestion.

The proposal is aimed at fighting the high yen. It also seeks offloading of government assets and reducing dependence on tax hikes for financing quake reconstruction efforts.

Click here for the story from The Wall Street Journal.