Japan's record US$150b stimulus package
11-04-2009
Japan has formally unveiled a record 150 billion US dollar stimulus package - as it seeks to revive its flagging economy.
Prime Minister, Taro Aso, said the plan - worth about 3% of its gross domestic product - aimed to protect livelihoods and to foster future growth.
The package includes measures to boost fuel-efficient vehicles and consumer electronics.
Japan's economy has been battered by a collapse in exports and is facing its deepest recession since World War II.
Japan's ruling coalition plans to put the stimulus package before parliament by the end of the month.
