The Japanese government agreed to provide 1.81 trillion yen or 17 billion US Dollar to stimulate the Japanese economy. The Japanese economy is on the brink of a recession. It’s also very interesting for the inhabitants because it will cope the high energy and food prices in the country.They also promised the Japanese people tax cuts before the end of the fiscal year in March 2009.
The Japanese prime minister, Taro Aso, thinks to achieve an economic recovery and he also tries to help the (poor) people in his country. It’s also good for the country itself and the local economies.
I think that it’s a good idea of the prime minister because he wants to avoid a national recession. He tries to help the Japanese economy and the inhabitants, that is a very positive fact. On the other hand, I think that 17 billion US Dollar is a lot of money! The question is if it’s really doable to spend that amount of money to save the economy!? If they really are able to find that amount of money it would give the local economy a real boost!
source: http://news.bbc.co.uk/2/hi/asia-pacific/7641164.stm
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