Watch VideoPlay 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.