Japan drafts stimulus package
October 08, 2010
TOKYO: Japan Prime Minister Naoto Kan has announced a special package worth nearly 5 trillion Yen to fight the impact of the yen’s appreciation and sustain the country’s economic recovery, a statement said on Thursday.
The package also proposed that the government boost overseas investment to get benefit of Japanese Yen.
The Prime Minister said that the country could benefit from the recent strength of the yen to achieve the goals. The ruling party DPJ also called on the government to accelerate its efforts to export Japanese technology for infrastructure construction.
Japanese Prime Minister Naoto Kan’s Cabinet is expected to agree on a draft of the fresh stimulus measures, based on the proposals by the DPJ, on Friday.
The package also proposed that the government boost overseas investment to get benefit of Japanese Yen.
The Prime Minister said that the country could benefit from the recent strength of the yen to achieve the goals. The ruling party DPJ also called on the government to accelerate its efforts to export Japanese technology for infrastructure construction.
Japanese Prime Minister Naoto Kan’s Cabinet is expected to agree on a draft of the fresh stimulus measures, based on the proposals by the DPJ, on Friday.
