8, the Japanese Cabinet approved a total of about 5.05 trillion yen (about 61.4 billion U.S. dollars) economic stimulus plan, expected later this month to submit to Congress for fiscal year 2010 supplementary budget.

This is the Japanese government announced last month, following a total of about 918 billion yen (112 billion) economic stimulus plan stimulus measures introduced again, I hope with the monetary easing policy to deal with deflation and yen appreciation caused by the economic downside risk.

Additional scale up to $ 61,400,000,000

Japan’s ruling party the Democratic Party had intended to set the scale of the new stimulus package 4.8 trillion yen (583 billion U.S. dollars), but the allies of the National Party is concerned that the new stimulus is not big enough, it is proposed in 10 trillion yen (121.4 billion U.S. dollars) or so.

Ultimately, the cabinet finalized the morning of 8 total 5.05 trillion yen stimulus package (614 million).

This scenario, about 3.1 trillion yen to stimulate the regional economy, improve infrastructure, assistance for SMEs, about 1.1 trillion yen for social welfare, about 300 billion yen for job creation.

Minister of Economy and Finance to play Tin Wan Hai Jiang told the media in the hope that the financial means to meet the Central Bank of the Bank of Japan’s monetary easing policy introduced to deal with deflation and the adverse effects caused by appreciation of the yen.

Naoto Kan, the government on September 15 directly intervene in currency markets, failed to prevent appreciation of the yen, prompting the central bank announced on the 5th of this month inter-bank unsecured overnight call rate down to zero from 0.1% to 0.1%, after 4 years again zero interest rate policy.

Alternative technologies to accelerate the development of rare earth

The Government of Japan announced September 10 a total of about 918 billion yen (112 billion) economic stimulus plan, many people believe that the measures the intensity is not big enough, called on the government additional measures.

Government re-shot Feb. 8, covers five main aspects: the inauguration of graduates through the assistance and personnel training to expand employment and speed up the rare earth resources in the development of alternative technologies, strengthen the integration of residential and home appliances such as environmental protection systems, to promote economic cooperation signed agreements and other means to promote the implementation of rapid economic growth strategy to further improve maternal and child health and specialist medical care, emergency care, senior health care infrastructure and systems to create peace of mind of the child care, health and welfare environment, strengthen local support for small and medium enterprises to improve the local economy energy, the energy system reform and implementation of kindergartens, nursery schools in the integration reform.

Measures of public utilities, for example, the central government intends to improve the main airports Haneda and so improve the seismic capacity of school buildings and increased use of local government can decide financial projects.

Prime Minister Naoto Kan 8 at the cabinet meeting that a new economic stimulus plan is expected to 21 trillion yen will lead the project to promote the growth of gross domestic product of about 0.6 percentage points, creating or saving 450,000 to 500,000 jobs.

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