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Japan unveils new stimulus plan | Japan unveils new stimulus plan |
(10 minutes later) | |
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 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." |