Japan PM launches economic crisis talks
TOKYO (AFP) — Japan's embattled premier on Monday launched a week of crisis talks on reviving the world's number two economy, which a government report warned remained "in a severe situation."
Prime Minister Taro Aso convened a panel of experts to gather ideas for a new stimulus package that, according to media reports, may total about 20 trillion yen (200 billion dollars).
Aso, struggling to reverse a slump in his popularity ahead of elections later this year, last week announced plans to put together a third stimulus package to revive the economy, which is now headed into its worst post-war recession.
Prime Minister Taro Aso convened a panel of experts to gather ideas for a new stimulus package that, according to media reports, may total about 20 trillion yen (200 billion dollars).
Aso, struggling to reverse a slump in his popularity ahead of elections later this year, last week announced plans to put together a third stimulus package to revive the economy, which is now headed into its worst post-war recession.
posted by A. Schachtner at 6:29 PM
1 Comments:
It's interesting how much this economic crisis is not only affecting us in the United States, but the fact that it has such an adverse effect on the global economy. It shows how interdependent the world powers are on each other for support
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