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.
野田首相は、景気状況の停滞を受け、17日午後に臨時閣議を開き、新たな経済対策を策定するよう関係閣僚に指示する方針を固めた。
野党側が求める衆議院の解散総選挙の日程にも、影響を与えるとみられる。
Source: Japan Today, FNNnewsCH
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