Kan Instructs Ministers to Propose Economic Stimulus Measures, Nikkei Says

Japan’s government may provide new stimulus measures to support the economy, Nikkei English News reported, citing comments made to reporters by Prime Minister Naoto Kan.

Kan has instructed Finance Minister Yoshihiko Noda and other ministers to make proposals, the report said.

The government may extend the eco-point incentive program for purchases of energy-saving electronics, the report said. There may also be new measures to help graduates find jobs and support small and midsize businesses affected by a strong yen, the report said.

The government has 1.7 trillion yen in surplus budget money to fund the stimulus, the report said. Government officials are reluctant to increase bond issuances, the Nikkei said.

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