The moves from President Shinzo Abe's cabinet come as the government seeks to make the country's domestic financial markets competitive, and in so doing continue to attract overseas investment.
Commenting on the cabinet's intentions, chief cabinet secretary Yasuhisa Shiozaki said: "We are in a stage where we need to take steps promptly to enhance the Tokyo market's competitive edge and its attractiveness to global investors."
It has also been speculated that the government is to sanction a series of new derivate products.
News of the government's plans to attract foreign investors comes as more and more stock exchanges are looking to offer incentives as a result of increased competition.
Euronet, for instance, has recently already announced it is to facilitate the means by which companies can access overseas investment.