News / Asia

    Japan's Abe Unveils Massive Stimulus Plan

    A security man stands by a road construction site in Tokyo. PM Shinzo Abe delivered a stimulus package of public works and other projects aimed at revitalizing the sagging economy, January 11, 2013.
    A security man stands by a road construction site in Tokyo. PM Shinzo Abe delivered a stimulus package of public works and other projects aimed at revitalizing the sagging economy, January 11, 2013.
    VOA News
    Japanese Prime Minister Shinzo Abe has unveiled a massive stimulus plan aimed at revitalizing the world's third largest economy.

    Abe said the $117 billion stimulus package approved Friday would bring an immediate boost to the long-struggling economy, which fell back into recession last year.

    "These measures will push up Japan's real GDP by around two percent and create jobs for approximately 600,000 people. This economic strategy is full-fledged, proving our strong will and clear commitment toward economic reform," Abe said.

    The plan will increase spending on disaster recovery projects, public works, and financial aid to small businesses. It also proposes boosting defense spending for the first time in a decade.

    It fulfills a major campaign promise for Abe, who came to power in a landslide election last month, vowing to boost Japan's economy and create jobs with big government spending plans.

    While the stimulus is likely to have a positive short-term effect, many skeptics warn it will not foster long-term growth and will add to Japan's government debt, which is more than 200 percent of its gross domestic product.

    Jiro Yamaguchi, a political science professor at Japan's Hokkaido University, says the plan is similar to that of previous governments, who tried unsuccessfully to spur economic growth.

    "The previous Democratic Party government did similar policies, especially about the reconstruction after the earthquake. They spent a lot, but the system of implementation is quite outdated," he explained. "Abe just tried to add more money, but the target is very similar. His new package will not change the economic structure or provide innovation in the Japanese economy."

    The stimulus includes a plan to increase spending on missiles, fighter jets, and helicopters to increase the capacity of the military. It comes as Tokyo is engaged in a bitter dispute with China over a group of uninhabited islands in the East China Sea.

    The dispute has worsened in recent months, and there has been worry that Abe, who is known for his sometimes hawkish and nationalistic views, would not help the situation.

    But David Fouse, a Japan analyst at the Hawaii-based Asia/Pacific Center for Security Studies, downplayed the significance of Abe's move to boost military spending.

    "There's been a steady downtrend in Japan's defense spending. I think this is just a very moderate increase...I don't think it's going to be a major increase for what Japan can do with its military," he said.

    But Abe on Friday continued his tough stance on China, saying it was "wrong" for Beijing to allow violent protests against Japanese businesses over the territorial dispute.

    The protests erupted last year after Tokyo angered Beijing by purchasing some of the disputed islands from their Japanese landowner. The dispute has negatively affected trade between China and Japan, Asia's two largest economies.

    You May Like

    Multimedia Obama Calls on Americans to Help the Families of Its War Dead

    In last Memorial Day of his presidency, Obama lays wreath at the Tomb of the Unknown Soldier at Arlington National Cemetery

    The Strife of the Party: Will Trump Permanently Alter Republicans?

    While billionaire mogul's no-holds-barred style, high-energy delivery are what rocketed him to nomination, they also have created rift between party elites and his supporters

    China's Education Reforms Spark Protest

    Beijing is putting a quota system in place to increase the number of students from poor regions attending universities

    Featured Videos

    Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
    Chinese-Americans Heart Trump, Bucking National Trendi
    X
    May 27, 2016 5:57 AM
    A new study conducted by three Asian-American organizations shows there are three times as many Democrats as there are Republicans among Asian-American voters, and they favor Hillary Clinton over Donald Trump. But one group, called Chinese-Americans For Trump, is going against the tide and strongly supports the business tycoon. VOA’s Elizabeth Lee caught up with them at a Trump rally and reports from Anaheim, California.
    Video

    Video Chinese-Americans Heart Trump, Bucking National Trend

    A new study conducted by three Asian-American organizations shows there are three times as many Democrats as there are Republicans among Asian-American voters, and they favor Hillary Clinton over Donald Trump. But one group, called Chinese-Americans For Trump, is going against the tide and strongly supports the business tycoon. VOA’s Elizabeth Lee caught up with them at a Trump rally and reports from Anaheim, California.
    Video

    Video Reactions to Trump's Success Polarized Abroad

    What seemed impossible less than a year ago is now almost a certainty. New York real estate mogul Donald Trump has won the number of delegates needed to secure the Republican presidential nomination. The prospect has sparked as much controversy abroad as it has in the United States. Zlatica Hoke has more.
    Video

    Video Drawings by Children in Hiroshima Show Hope and Peace

    On Friday, President Barack Obama will visit Hiroshima, Japan, the first American president to do so while in office. In August 1945, the United States dropped an atomic bomb on the city to force Japan's surrender in World War II. Although their city lay in ruins, some Hiroshima schoolchildren drew pictures of hope and peace. The former students and their drawings are now part of a documentary called “Pictures from a Hiroshima Schoolyard.” VOA's Deborah Block has the story.
    Video

    Video Vietnamese Rapper Performs for Obama

    A prominent young Vietnamese artist told President Obama said she faced roadblocks as a woman rapper, and asked the president about government support for the arts. He asked her to rap, and he even offered to provide a base beat for her. Watch what happened.
    Video

    Video Roots Run Deep for Tunisia's Dwindling Jewish Community

    This week, hundreds of Jewish pilgrims are defying terrorist threats to celebrate an ancient religious festival on the Tunisian island of Djerba. The festivities cast a spotlight on North Africa's once-vibrant Jewish population that has all but died out in recent decades. Despite rising threats of militant Islam and the country's battered economy, one of the Arab world's last Jewish communities is staying put and nurturing a new generation. VOA’s Lisa Bryant reports.
    Video

    Video Meet Your New Co-Worker: The Robot

    Increasing numbers of robots are joining the workforce, as companies scale back and more processes become automated. The latest robots are flexible and collaborative, built to work alongside humans as opposed to replacing them. VOA’s Tina Trinh looks at the next generation of automated employees helping out their human colleagues.
    Video

    Video Wheelchair Technology in Tune With Times

    Technologies for the disabled, including wheelchair technology, are advancing just as quickly as everything else in the digital age. Two new advances in wheelchairs offer improved control and a more comfortable fit. VOA's George Putic reports.
    Video

    Video Baby Boxes Offer Safe Haven for Unwanted Children

    No one knows exactly how many babies are abandoned worldwide each year. The statistic is a difficult one to determine because it is illegal in most places. Therefore unwanted babies are often hidden and left to die. But as Erika Celeste reports from Woodburn, Indiana, a new program hopes to make surrendering infants safer for everyone.
    Video

    Video California Celebration Showcases Local Wines, Balloons

    Communities in the U.S. often hold festivals to show what makes them special. In California, for example, farmers near Fresno celebrate their figs and those around Gilmore showcase their garlic. Mike O'Sullivan reports that the wine-producing region of Temecula offers local vintages in an annual festival where rides on hot-air balloons add to the excitement.
    Video

    Video US Elementary School Offers Living Science Lessons

    Zero is not a good score on a test at school. But Discovery Elementary is proud of its “net zero” rating. Net zero describes a building in which the amount of energy provided by on-site renewable sources equals the amount of energy the building uses. As Faiza Elmasry tells us, the innovative features in the building turn the school into a teaching tool, where kids can't help but learn about science and sustainability. Faith Lapidus narrates.

    Special Report

    Adrift The Invisible African Diaspora