Japanese ruling party approved a new package of anti-crisis measures.

Japanese ruling party on Thursday endorsed a new package of measures to maintain the country's economy in a global financial crisis, AFP reported on 9 April.
The plan provides for the allocation of 15.4 trillion yen (about 154 billion dollars) directly to emergency support for the economy and the affected companies. At the same time taking into account the indirect measures, such as providing guarantees on debt obligations of companies and tax breaks, the total value of anti-crisis financial package will be 56.8 trillion yen (nearly 570 billion dollars). It was expected that details of the plan will be known later in the week, when Prime Minister Taro Aso will present it to Parliament.
An earlier draft was presented to stimulate the economy the Government of Japan in December 2008. In accordance with the State was allocated a total of about 230 billion dollars. As a follow-up plan included the issuance of all citizens of the country's 12 thousand yen (120 dollars) in cash in order to encourage them to do more shopping.
At the end of the fourth quarter of 2008 Japan's GDP declined by 3.3 percent in the third quarter decline was 0.4 per cent, while in the second quarter - 2.4 percent. The current recession in the Japanese economy is the worst since the Second World War.