Saturday’s measures come on top of steps last month to boost vehicle purchases, attract foreign funds and ease foreign investment rules.
The new government is taking extraordinary steps to help spur both the primary and secondary market of the property industry this year.
Beijing is planning to lower its economic growth target to 6-6.5% this year from around 6.5% in 2018.
Investor optimism grew after China unveiled stimulus measures that are likely to boost demand for commodities.
Takahashi said the risk to Japan’s economy this time is smaller, noting that the hike is only 2 percentage points and certain items will be excluded.
The share of US dollar reserves has declined to its smallest level since reaching 61.24% in the fourth quarter of 2013.