The Japanese government plans to approve an economic package worth more than ¥400 billion ($5.01 billion) Friday as it seeks to prop up a rapidly weakening economic recovery, a government official said Thursday.
The first extra stimulus package in the current Japanese fiscal year ending in March will tap into existing rainy-day funds in the central government's budget and require no issuance of fresh public debt, the official familiar with economic policy debates said.
But such a relatively small amount of money is unlikely to comprehensively rescue the world's third-largest economy, which economists suspect has already entered a technical recession as the global economy slows down and the strong yen stunts exports.
Almost 1,500 people were transported to hospitals by ambulance due to heatstroke last week, up sharply from 942 in the preceding week, the Fire and Disaster Management Agency said Tuesday. (Japan Times )
Among about 200,000 traffic signals nationwide, 16 percent are being used beyond the end of the expected lifetime of their electrical systems and some have even toppled over due to age, according to the National Police Agency. (Yomiuri )
Tokyo District Court decided on Monday to open planned examinations of three witnesses who are former senior members of the Aum Shinrikyo doomsday cult and now death-row inmates, during an upcoming trial of another former senior Aum member. (Jiji Press )