Word: japanned
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...Japan of the future will no doubt be grayer, but also greener if Aso gets his way. His administration plans to channel spending toward four main areas: strengthening a safety net for the unemployed (about $19 billion) and providing financing for small- and medium-sized companies (about $30 billion); improvements in health care, nursing and child care; subsidizing the development and use of solar energy and environmentally friendly technologies; and public-works projects to help regional economies. Revisions to the tax system, including tax cuts, are also included in the economic plan. (See pictures of Japan and the world...
...fresh spending was unveiled just as a few glints of light broke through the gloom engulfing Japan after months of dismal economic data. Following news on Thursday that employment and cash flow measures would be included in the package, the Nikkei stock index broke 9,000 points for the first time since January and machinery orders, an indication of how much companies are investing, exceeded expectations with a rise of 1.4% over the previous month...
...During Friday's press conference, Aso reiterated that Japan "needs to be bold for the short-term and responsible for the medium-term." The government will provide $5.9 billion more to the "employment adjustment subsidy" that helps companies that retain employees. Measures also include $6.9 billion for job training and unemployment benefits. Japan will also increase its loan-guarantee program for small-and medium-sized businesses to $298 billion...
...Japan wants to win back the No. 1 spot as the world's top producer of solar cells - a position it recently lost to Germany - and will provide subsidies to companies and households to increase the use and production of solar energy. Japan will also outfit schools with solar panels (with a goal of installing panels on 36,000 schools over three years) and pay consumers to buy greener electronics. Subsidies will also be put in place too encourage purchases of hybrid and electric cars...
...realization of an economic growth plan unveiled by Aso on Thursday. His strategy aims to create as many as 2 million jobs and as much as $597 billion in domestic demand over the next three years, with additional gains though 2010. The country's leaders are beginning to realize Japan is on the wrong path. Its flagship manufacturing giants have been pummeled by the crash in worldwide consumer demand. Exports fell by nearly 50% year-over-year in January and February; the economy as a whole is expected to shrink by 6.6% in 2009. "Japan must reinvent its export-driven...