Arab Today, arab today japan approves 107 billion stimulus package
Last Updated : GMT 23:47:32
Arab Today, arab today
Arab Today, arab today

Japan approves $10.7 billion stimulus package

Arab Today, arab today

Arab Today, arab today Japan approves $10.7 billion stimulus package

Tokyo - AFP

Japan\'s cabinet approved a $10.7 billion economic stimulus package just weeks before an election the ruling party is expected to lose, while analysts questioned its likely benefits. The new spending of 880 billion yen ($10.7 billion) was more than double a package announced in October as the country gets set for polls that most say will usher in its seventh prime minister in six years. Friday\'s move, which came as official data showed Japan posted a surprise uptick in factory production last month, will also likely trigger vote-buying criticism from opposition lawmakers. The spending -- which will come out of reserve funds -- will focus on boosting growth in a range of sectors, including healthcare and agriculture, as well as on public works projects following last year\'s quake-tsunami disaster. Opinion polls suggest Prime Minister Yoshihiko Noda and his Democratic Party of Japan will be defeated by main opposition leader Shinzo Abe who heads the Liberal Democratic Party.Abe has vowed to spend heavily on public works and pressure the Bank of Japan into launching aggressive monetary easing measures to boost growth if his party win the December 16 vote. The BoJ has unveiled two policy easing measures since September. Japan\'s economy contracted in the July-September quarter, nudging it toward recession and dousing hopes the nation had cemented a recovery after last year\'s quake-tsunami disaster, which triggered the worst atomic crisis in a generation. However, the effectiveness of the government stimulus package has been questioned. \"While (the package) wouldn\'t be a poison, it wouldn\'t be a medicine either,\" Masamichi Adachi, a senior economist at J.P. Morgan Securities, told Dow Jones Newsiwires. A glimmer of hope emerged Friday as official data showed Japan\'s factory output rose 1.8 percent in October, the first rise in four months and beating market expectations of a 2.2 percent drop.Separate figures showed the jobless rate held steady while household spending for the month was better than expected, suggesting a possible improvement in consumer confidence. The unexpected figures -- and a producers\' survey that forecast a 7.5 output increase in December after a small decline for November -- gave the Tokyo stock market a little boost in Friday morning trade. The Nikkei index closed the morning 0.88 percent higher. But the economy ministry doused hopes that the latest economic data was something to cheer about, saying in a statement that output was on a \"downward trend\". Credit Agricole economist Kazuhiko Ogata also cautioned against any bubbly optimism, saying a sustained recovery would depend on stronger overseas demand for Japanese exports, while producers will have to bring down their built-up inventory. \"The need for adjusting accumulated inventory would weigh on production for the time being and thus a bottom-out of production would be confirmed only after the turn of the year at the earliest,\" Ogata said. As the weak European market dents demand for Japanese exports, a territorial row over islands in the East China Sea claimed by Tokyo and Beijing has also affected the trade balance owing to a consumer boycott of Japanese brands. Japan\'s top three automakers -- Toyota, Nissan and Honda -- have reported that the row with China has dug into their sales and profits, with October data on Thursday showing the trio slashed their output in China, the world\'s biggest vehicle market. Some analysts have suggested the slump in China demand may turn around in the early new year.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan approves 107 billion stimulus package Arab Today, arab today japan approves 107 billion stimulus package

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:01 2017 Sunday ,26 February

BRIC funds see inflows amid emerging equity boom

GMT 05:43 2017 Sunday ,26 February

Al-Gergawi quits Dubai Holding to focus on govt role

GMT 05:14 2017 Sunday ,26 February

Oil prices to average $50-$70 through 2022

GMT 14:44 2017 Saturday ,25 February

China overtakes US as Germany’s top trade partner

GMT 05:53 2017 Saturday ,25 February

Global sovereign debt to hit new all-time high

GMT 05:17 2017 Saturday ,25 February

Oil world cautious on Trump’s next move

GMT 09:59 2017 Friday ,24 February

Baidu revenue slips anew amid ad clampdown
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday