41. Traders said expectations of an infusion of postal savings and pension fund money next week also helped support buying Friday. 42. He also proposes studying a proper scale of public loans and investment financed by the so-called second budget, mostly coming from postal savings. 43. He said banks mostly showed a strong rebound on active short-covering and remarks by government officials that the interest rate on postal savings need be reviewed. 44. But government retirement funds and postal savings funds had failed in the past two days to bolster the vulnerable stock market as it attempts to ride out another storm. 45. The ministry has issued a notice to all banks, securities institutions and postal savings offices to redeem treasury bonds falling due this year. 46. The official said the high money supply was mainly due to a recovery in individual expenditures and massive cashing of postal savings. 47. Mitsuzuka said he did not rule out the possibility of revising government operations of public funds, including postal savings. 48. The government started issuing such bonds in April last year after it stopped using postal savings for investments in public works projects and loans to public financial institutions. 49. The key market gauge edged up on Wednesday and Thursday, mainly supported by buying related to public funds, such as postal savings. |