Thursday, March 5, 2009

The Japanese authorities will hand everyone in the country of 12 thousand yen.

The Government of Japan has found a way to make people more likely to begin once again to shop, reports BBC News. To do this, every country will be awarded cash in the amount of 12 thousand yen (121 dollars). As expected, the increase in spending will help people explained the economy of the country affected by the global financial and economic crisis.
However, some Japanese officials have expressed fears that the cash people will not lead to increased purchases by them. In Japan, a relatively high percentage of the population, accustomed to economize, deferring money. These people may also be postponed to a "black day" and received 12 thousand yen.
Cash population is part of a larger plan to stimulate Japan's economy, the Government of the country in late 2008. In total, to maintain the economy, the Government has allocated 23 trillion yen (231.6 billion dollars). This 10 trillion yen to be allocated by lowering taxes, including property tax, and 13 trillion yen - in the form of loans to companies and guarantees for their debt.
The Japanese economy is in recession in 2008. At the end of the fourth quarter of last year, the country's GDP declined by 3.3 percent in the third quarter - to 0.4 per cent, while in the second quarter - by 2.4 percent.

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