Jan 12, 2013
Japan's government approved a program to strengthen economy
In Japan, the government has approved a program to try to strengthen the world's third largest economy. The program is expected to cost about 117 billion dollars. Prime Minister Shinzo Abe says the plan will bring immediately help to Japan's economy which fell back into recession last year. He said the plan will create about 600,000 new jobs.
My thought/opinion on this issue
I am not an economist, so I don't know how the program works well. But, I think there is a large amount of surplus money that elder people in Japan have and law makers should create measures to get rid of their anxiety on their daily life and to urge them to spend their money, I think.