Gov't unveils Y11.7 tril package to stimulate economy

Saturday 30th August, 07:09 AM JST

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bobcatfish at 11:12 AM JST - 30th August

i think they say, "dou shiyou"
serindipity at 11:55 AM JST - 30th August

I think the money would be better spent on refinancing the pension system.
thundercat at 02:11 PM JST - 30th August

‘‘emergency overall countermeasures to secure relief (for people),’’ Whose parentheses are those? 9 trillion yen goes directly to firms... 2.7 goes to what exactly?
kaminarikeizai at 02:56 PM JST - 30th August

God knows how it helps to middle class families. There are many people in Japan, who are not able to pay property tax, etc. Help them or crates jobs for them so they can pay taxes. Don’t ship jobs and factories to overseas land. Once you import a product, and sell it in local market. Only the profit = Selling price – import price, contribute to Japanese economy. If you make a product in Japan, all money will be stay here and contribute to Japanese economy (except raw material cost). In 100 yen (+ 5 yen tax) shops you can find 99% items are imported. Change such kind of money flow. Day by day Japanese are becoming poorer. City offices may buy new massage chair with this stimulate program or many intelligent mayor or chiji may build amusement park or garden in cities with Y11.7 trillion.
Statistician at 03:50 PM JST - 30th August

And how is it being funded? Printing money?
Nessie at 09:15 PM JST - 30th August

Japan's answer to price deflation in the past decade: stimulus package. Japan's answer to price inflation of the present: stimulus package.

Correct me if I'm wrong, but in an inflationary environment, the last thing you need is for the government to be spending like a drunker sailor.
pathat at 04:37 AM JST - 31st August

"Japan’s economy may have entered a contraction phase, indicating that the country’s longest postwar expansion, since February 2002, may have ended."

The rich get richer and the poor get poorer.

This so-called economic stimulus package will line the pockets of a few here and there, but will have no real positive long-term impact on the economy. It will only add to Japan`s national debt problem.

"The package represents the latest effort by Prime Minister Yasuo Fukuda to prop up sluggish approval ratings for his Cabinet."

It will not work, Prime Minister Fukuda. Your days are numbered-probably not much more than the length of the upcoming Diet session.

The scary thing is that there is probably no one any better-most certainly not in the DPJ-to replace you.
mikihouse at 10:10 AM JST - 31st August

finally they did it again and no oppositions? I mean, this stimulus package was made so that the zombie companies, factories, agencies and the likes will have money until election next year. By making sure they give money in form of credit line, they are securing their votes. This has been going on for the last 55 years to make LDP stay in power and make the middle class and the average Yamada's poorer.
KumaNiku at 03:32 PM JST - 31st August

Probably the best 'economic stimulation package' I can think of is a change of government, a purge of the 'old boy' bureaucrats and the election/appointment of people who have fresh ideas AND know what they are doing. Alas, it is not to be.

As others have stated, this will eventually amount to nothing. Fukuda - the bubble ended nearly 20 years ago. Stop thinking and acting like it is still going.

KN
GW at 12:10 AM JST - 1st September

kaminari

just imagine if the rest of the world thought like you, if the rest of the world didnt buy J-goods (ie import stuff) Jpn wud be sitting like NKorea, it always amazes me of some people think others shud buy their exports as a matter of course but want to keep imports out............doh

Sorry Jpn cant scam the world like it did in the 70-80s that world as you knew is gone forever, welcome to the real world

meanwhile the LDP is ready to buy some votes & waste my taxes, stupid stupid stupid. Jpn yr going to have to stop the pork paying for all these compnaies that never shud have existed in the first place
Simon_Foston at 12:42 AM JST - 1st September

"Of the 11.7 trillion yen, about 9 trillion yen will be allocated to assist small and midsize firms raise funds under the government-backed credit guarantee and lending program.

Such firms employ 70% of Japan’s workforce and account for 99% of companies in the county."

I had no idea the percentages were that high. No wonder the domestic economy is in such a mess. Throwing more money at tiny zombie companies that can't survive by themselves is no way to help the economy, although the LDP clearly think it's going to get them a few votes.
nisegaijin at 08:42 AM JST - 1st September

As always, absolutely useless waste of tax-payers money. Why don't they de-regulate industries, create free markets, get rid of 3/4 of the government, decentralize federal budget, reduce government spending, and cut taxes?!
Altria at 10:21 AM JST - 1st September

Give us the tax cuts already.
tripank at 11:56 AM JST - 1st September

trickle down economics voodoo economics
It is the 1980's all over again. I left the US to get away from this sh_t. They keep pulling me back in
** WARNING BAD ECONOMIC TIMES AHEAD**
LIBERTAS at 03:24 PM JST - 1st September

Ah well, the concrete business will boom again!