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Japan unveils new stimulus plan Japan unveils new stimulus plan
(10 minutes later)
Japanese Prime Minister Taro Aso has unveiled his second economic stimulus package in as many months. Japanese Prime Minister Taro Aso has unveiled Japan's second economic stimulus package in as many months.
The 5 trillion yen ($51bn; £31bn) package includes cutting highway tolls and increasing loan guarantees that have been offered to small companies.The 5 trillion yen ($51bn; £31bn) package includes cutting highway tolls and increasing loan guarantees that have been offered to small companies.
There will also be a package of tax cuts and other benefits for Japan's struggling households.There will also be a package of tax cuts and other benefits for Japan's struggling households.
It comes on top of the 11.7 trillion yen economic package that was unveiled at the end of August. It comes on top of the 11.7 trillion yen package that was unveiled by Yasuo Fukuda at the end of August.
"In this kind of situation, we need to relieve people's insecurities," Mr Aso said."In this kind of situation, we need to relieve people's insecurities," Mr Aso said.
"We should not be fearful of the violent storm, nor should we just stand and let the typhoon blow us away.""We should not be fearful of the violent storm, nor should we just stand and let the typhoon blow us away."