Japan Unveils A New Economic Stimulus Plan, &Nbsp, With A Scale Of 915 Billion Yen.

The Japanese government announced on the 10 day that it will take a 915 billion yen (1 US dollars, or 84.03 yen).

Consider

The Japanese government has no new treasury bonds to consider, but will use the 2010 budget reserve fund to implement the new economy.

In addition to the above contents, the main contents of the new economic stimulus plan include: government expenditure of about 175 billion yen, encouraging enterprises to employ high school and university graduates who do not have jobs after 3 years of graduation, and stabilize the employment market by reducing the financial burden of small and medium-sized enterprises; spending 120 billion days to promote enterprises to invest in Japan, and vigorously support small and medium enterprises to open up overseas markets; spending about 450 billion yen to stimulate consumption and extend the time limit for preferential policies such as appliances and housing; and spending 165 billion yen to strengthen disaster prevention capabilities such as schools and hospitals.

In addition, the Japanese government also asked the Central Bank of Japan to further relax its monetary policy in the new economic stimulus plan, and stressed that measures such as intervention in the foreign exchange market, if necessary, would prevent the appreciation of the yen.

link

Japan's interest in China's holdings of Japanese bonds

Washington, Japan's Finance Ministry Minezaki Naoki 9, held in the Japanese parliament on the economic policy hearing held that the Japanese government has paid close attention to China's substantial increase in the behavior of Japanese bonds.

According to data released by Japan's Ministry of Finance on 8 may, in July, China again bought a net yen worth of 583 billion yen (US $6 billion 970 million) in Japanese financial assets, up from 456 billion 700 million yen in June.

So far, China has been buying Japanese government bonds for 7 consecutive months, with a total of 17746 billion yen (about 21 billion 120 million US dollars).

Minezaki Naoki said that the vast majority of Japanese government bonds purchased by Japan were short-term debt, which would drive down the yield of Japanese bonds and push the yen up, thereby damaging Japanese exports and economic recovery.

On the 9 day, Chinese Foreign Ministry spokesman Jiang Yu said at a regular press conference that China's foreign exchange management has been implementing the strategy of diversification based on the principle of "safety, mobility, value preservation and value added".

Yesterday, Tan Yaling, executive director of the China Association of international relations economics, told reporters that the current exchange rate of the Japanese yen against the US dollar is at a new high of 15 years. Japan can not face up to the United States and the exchange rate is directed at China.

Minezaki Naoki's remarks on "increasing China's bond holdings to push the yen up" are suspected of "shifting contradictions".