日本

Japan set to detail $99bn fiscal stimulus

Japan's prime minister yesterday told his government to prepare a record Y10,000bn ($99bn) fiscal stimulus to lift the world's second biggest economy from its deepening gloom.

Taro Aso said the stimulus must focus on healthcare and medical services, subsidies to local governments, a new social safety net for non-regular workers, more use of government financial institutions to ease the credit crunch and solar energy.

The government plans to unveil details of the package on Friday, and aims to submit legislation to the Diet before the Golden Week holidays in late April to early May.

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