ID :
14901
Tue, 08/05/2008 - 14:31
Auther :
Shortlink :
https://oananews.org//node/14901
The shortlink copeid
Fukuda asks Yosano to compile economic stimulus package
TOKYO, Aug 5 (Kyodo) - Prime Minister Yasuo Fukuda asked Economic and Fiscal Policy Minister Kaoru Yosano on Monday to compile a comprehensive economic stimulus package, including measures to deal with soaring oil and food prices, as soon as possible, Yosano said.
Yosano said after being given the order by Fukuda at the premier's official residence that he is willing to present the outline of the new economic package before the Japanese ''Bon'' holidays in mid-August.
The minister said the government hopes to carry out the package as soon as possible, and hinted at the possibility of drafting an extra budget by saying it is difficult to secure necessary revenue sources for the package in the existing budget.
The package will be worked out by early September, government sources said, adding that Yosano may propose submitting a bill for a supplementary budget for the economic measures to an extraordinary Diet session in the fall.
Yosano said the package will reflect the policies Fukuda announced at his press conference last Friday, suggesting it will include steps to enhance Japanese farm productivity and to promote research on energy-saving measures as well as the spread of such technology.
The sources said the proposed package will contain a fresh measure to support smaller businesses affected by rising crude oil prices, such as an increase in loans to them from governmental lenders.
In late July, the government compiled measures for fishermen and transportation firms affected by higher crude oil prices, which were not backed by additional budgetary spending.
The upcoming package is likely to cover steps to improve the efficiency of smaller business management and streamline the distribution system of agricultural products, the sources said.
Among other expected measures in the package are subsidies to promote the use of solar and other alternative energy sources, cuts in expressway tolls and financial support for companies that maintain employment levels despite cutbacks in operations.
Yosano said after being given the order by Fukuda at the premier's official residence that he is willing to present the outline of the new economic package before the Japanese ''Bon'' holidays in mid-August.
The minister said the government hopes to carry out the package as soon as possible, and hinted at the possibility of drafting an extra budget by saying it is difficult to secure necessary revenue sources for the package in the existing budget.
The package will be worked out by early September, government sources said, adding that Yosano may propose submitting a bill for a supplementary budget for the economic measures to an extraordinary Diet session in the fall.
Yosano said the package will reflect the policies Fukuda announced at his press conference last Friday, suggesting it will include steps to enhance Japanese farm productivity and to promote research on energy-saving measures as well as the spread of such technology.
The sources said the proposed package will contain a fresh measure to support smaller businesses affected by rising crude oil prices, such as an increase in loans to them from governmental lenders.
In late July, the government compiled measures for fishermen and transportation firms affected by higher crude oil prices, which were not backed by additional budgetary spending.
The upcoming package is likely to cover steps to improve the efficiency of smaller business management and streamline the distribution system of agricultural products, the sources said.
Among other expected measures in the package are subsidies to promote the use of solar and other alternative energy sources, cuts in expressway tolls and financial support for companies that maintain employment levels despite cutbacks in operations.
