ID :
52982
Tue, 03/31/2009 - 07:08
Auther :
Shortlink :
https://oananews.org//node/52982
The shortlink copeid
LDP unveils growth strategies, aiming for 2 mil. jobs in 3 yrs+
TOKYO, March 30 Kyodo - Japan's ruling Liberal Democratic Party on Monday unveiled an interim report on economic growth strategies aiming to create 2 million jobs in the next three years from fiscal 2009 by enhancing environmental technologies and boosting
investment in fields such as nursing care.
The interim report was unveiled prior to Prime Minister Taro Aso's scheduled
press conference Tuesday, in which he is expected to announce additional
economic measures based on the report and possibly make a reference to devising
an extra budget for fiscal 2009 from Wednesday.
With these measures, the panel suggests that the government aim to turn around
key economic indicators within 2010 and seek annual growth of 3 percent in the
medium- to long-term period. Japan's gross domestic product registered an
annualized 12.1 percent contraction in the October to December period.
While the interim report did not specify the scale of the strategic programs,
Nobutaka Machimura, head of the party panel concerned, told reporters following
the day's meeting, ''The panel plans to draw up a final report by late next
week and announce what the scale will be.''
Machimura suggested that the envisaged programs may be funded by debt issues,
reserves in the special account and private funds.
The panel compiled 10 key strategic programs based on three different themes --
strengthening environmentally friendly technologies such as solar power,
enhancement of infrastructure, and improvement of facilities for medicine,
nursing care and childrearing.
Specifically, the panel recommends that the government boost solar power
generation 20-fold from the present level by 2010 and increase related jobs to
110,000 as of 2020.
In order to smoothly shift to digital terrestrial broadcasting, the panel eyes
offering support to public facilities including schools.
The panel also suggests that nursing care facilities be enhanced in the three
years and 300,000 new jobs be created in the field during the same period.
In a bid to accelerate these strategic programs, the panel proposes tax breaks
intended to encourage elderly people to donate assets to their children while
they are alive so as to help stimulate consumption.
Making a similar suggestion, Aso said over the weekend that the government will
consider making substantial gift tax cuts or exemptions to utilize the
financial assets of the elderly.
The interim report compiled by the party, for which Aso serves as president,
will be submitted to the prime minister Tuesday.
Japan has already worked out a set of fiscal stimulus steps worth 75 trillion
yen in total, involving actual fiscal spending of 12 trillion yen that will
amount to about 2 percent of its roughly 500 trillion yen GDP.
The existing package consists of measures financed by two extra budgets for
fiscal 2008 through March 31 and the principal budget for fiscal 2009.
==Kyodo
2009-03-30 23:47:34
investment in fields such as nursing care.
The interim report was unveiled prior to Prime Minister Taro Aso's scheduled
press conference Tuesday, in which he is expected to announce additional
economic measures based on the report and possibly make a reference to devising
an extra budget for fiscal 2009 from Wednesday.
With these measures, the panel suggests that the government aim to turn around
key economic indicators within 2010 and seek annual growth of 3 percent in the
medium- to long-term period. Japan's gross domestic product registered an
annualized 12.1 percent contraction in the October to December period.
While the interim report did not specify the scale of the strategic programs,
Nobutaka Machimura, head of the party panel concerned, told reporters following
the day's meeting, ''The panel plans to draw up a final report by late next
week and announce what the scale will be.''
Machimura suggested that the envisaged programs may be funded by debt issues,
reserves in the special account and private funds.
The panel compiled 10 key strategic programs based on three different themes --
strengthening environmentally friendly technologies such as solar power,
enhancement of infrastructure, and improvement of facilities for medicine,
nursing care and childrearing.
Specifically, the panel recommends that the government boost solar power
generation 20-fold from the present level by 2010 and increase related jobs to
110,000 as of 2020.
In order to smoothly shift to digital terrestrial broadcasting, the panel eyes
offering support to public facilities including schools.
The panel also suggests that nursing care facilities be enhanced in the three
years and 300,000 new jobs be created in the field during the same period.
In a bid to accelerate these strategic programs, the panel proposes tax breaks
intended to encourage elderly people to donate assets to their children while
they are alive so as to help stimulate consumption.
Making a similar suggestion, Aso said over the weekend that the government will
consider making substantial gift tax cuts or exemptions to utilize the
financial assets of the elderly.
The interim report compiled by the party, for which Aso serves as president,
will be submitted to the prime minister Tuesday.
Japan has already worked out a set of fiscal stimulus steps worth 75 trillion
yen in total, involving actual fiscal spending of 12 trillion yen that will
amount to about 2 percent of its roughly 500 trillion yen GDP.
The existing package consists of measures financed by two extra budgets for
fiscal 2008 through March 31 and the principal budget for fiscal 2009.
==Kyodo
2009-03-30 23:47:34
