- CNTV English - CCTV News

Japan outlines economic steps amid yen worries

08-31-2010 08:42 BJT

Watch Video

Play Video

Japan has decided to compile economic steps for stimulus measures. It will allocate 920 billion yen in reserves from this fiscal year's budget. That's around 11 billion US dollars. The policy was announced a day earlier than expected.

Japanese Prime Minister Naoto Kan said the cabinet would decide details of the steps on September 10th. He added that the government would compile an extra budget if needed. That will depend on future economic and job conditions.

Government officials also said the stimulus measures could be extended to encourage household spending and spur more business investment.

The policy decision came at a time when the nation's central bank eased its monetary policy at an emergency policy board meeting earlier Monday.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program