Japan Government 11th decision to launch a total of 20.2 trillion yen (about US $ 226.2 billion) of the massive economic stimulus plan in order to overcome deflation and stimulate economic growth.
It is reported that Japan through fiscal spending by the Government invested 10.3 trillion yen (US $ 115.4 billion). Japan Cabinet survey said, the plan will make Japan's real GDP increase of about 2% and create 600,000 jobs.
Japan Prime Minister Shinzo Abe said that through massive public spending to overcome prolonged deflation and yen for Japan economic recovery is essential. In addition, Japan had also requested the Central Bank to introduce more high-throughput [microblogging] expansion targets and implement a more active monetary policy.
In order to give economic stimulus financing, Japan will be appended by the Government issued about 5.2 trillion yen (US $ 58.2 billion) national debt, which makes Japan fiscal year 2013 new government debt would amount to 50 trillion yen ($ 560 billion), significantly more than the previous Democratic Party Government of "44 trillion yen ($ 492.8 billion)" new debt ceiling.
Japan media pointed out that Abe Government move with utilitarianism, that is in the Senate before the elections this summer by stimulating economic "achievements". However, the expansion of public expenditure means Japan will increase the liabilities of the Government, could eventually affect Japan's financial credibility.
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