Noda plans new economic stimulus by end of November
News On Japan via Japan Today -- Oct 17
Prime Minister Yoshihiko Noda plans a new round of economic stimulus by the end of next month as the country has entered a lull, Kyodo News reported Tuesday, quoting sources close to the prime minister.
The steps are expected to include measures to curb deflation, ease strength in the yen, expand earthquake reconstruction work and relax regulations on businesses, the news agency reported.
Noda will hold an extraordinary cabinet meeting Wednesday to instruct his ministers to map out the plan, Kyodo said.
The Japanese government has downgraded its outlook for the economy three times in a row in its monthly assessment, saying last week there was a weak tone.
The Nikkei newspaper said the Japanese government was considering funding the new stimulus with 910 billion yen ($11.5 billion) set aside in the 2012 budget for economic emergencies and the revitalization of regional economies.
The government of Japan has bestowed one of that nation's highest honors on a Japanese-American, a former U.S. Soldier and World War II veteran, for his work furthering relationships between the Japanese and Americans. (army.mil )
This Monday, members of the seminal metal band X Japan were in Odaiba rubbing shoulders with the likes of Brad Pitt, Lady Gaga and AKB48′s Yuko Oshima. The catch? They were all made out of wax. (Japan Times )
The parents of a nightclub worker killed in an arson fire three years ago filed a suit in the Nagoya District Court on Monday seeking damages against top members of the Yamaguchi-gumi organized crime group. (Tokyo Reporter )