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Tokyo (AFP / Reuters) - Japan's prime minister on Wednesday, would instruct his ministers to plan an economic stimulus to 1.0 trillion yen (12.7 billion dollars), according to the report, in line with the approach of elections.
Yoshihiko Noda will hold an extraordinary cabinet meeting to give orders that the formation of the stimulus, according to the Yomiuri Shimbun daily reported.
The fund is likely to be used to promote energy improvement measures and everything related to the industry as well as agriculture, forestry and fisheries, and of course to rebuild the affected areas large tsunami last year, he said.
Therefore, the stimulus will be financed with a backup of the current year fiscal budget will not require parliamentary approval, the newspaper said.
The Asahi Shimbun reported the same information on its website, adding that that the usual way to pass a stimulus measure that is through legislation would be difficult in a fragmented parliament, especially with the support of a majority of the stains are relatively few.
The report comes a few months after the election promising Noda accelerated in exchange for support of the opposition to the Act to double the sales tax in Japan.
Act was an attempt to cover most of the country's debt and supported by international agencies, the press and local observers but is not popular among the people.
Analysts say the Democratic Party of Japan divided opportunity to obtain the negative impact of the voters who were disappointed with the failure of the leadership of the last three years. (Rr)
source: http://id.berita.yahoo.com
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