Tokyo (AP) - a 20 trillion yen ($224 billion) economic stimulus plan announced Friday Japan's prime minister shinzo Abe's new installation shinzo Abe possible economic recession of the incoming economy to a rapid ascension, but on the increase the country's huge debt risk not promote sustainable, long-term growth.
"Abenomics" strategy of "super easy monetary policy and massive government spending, will lead to the weak economy in coming months, the elevator, even before the July the election a parliament is seen as a key test of the ruling liberal Democratic Party.
"In the short term, this makes a lot of sense," said, Kichikawa, bank of America - merrill lynch economists in Tokyo. Shinzo Abe, "need to stimulate the economy, the senate election win."
Strong economic recovery not more than twenty years of Japan's financial bust, in the 1990 s, since the previous governments are faced with criticism, no positive action to promote economic growth. The rapid population aging, workforce reduction, in the global financial crisis, natural disasters and Japanese industry competitiveness is abate, hampering the growth track.
But stimulate Japan huge public debt will increase, and may aggravate spending waste unnecessary construction project.
"Scale is huge, incredible," said a full set of the way, JP Morgan securities in Tokyo's economists. Additional spending, this will be March 31, the end of the fiscal surplus supplementary budget foundation, will make Japan's financial condition "is very challenging," he said.
In the press conference, shinzo Abe said the aim is to promote the actual economic growth 2%, and create about 600000 jobs.
, "Abe said:" we will get rid of long-term economic contraction and target is to establish an economic can produce innovation and new requirements, and then expanding employment and income. "To regain strong economy, we need to bold monetary policy, agile fiscal policy."
Japan's government debt more than 200% of its gross domestic product (GDP), the worst of the industrialized countries in the debt markets, although the country's huge savings and domestic hold a fact that most of the debt, to prevent any serious problem, so far.
Fortunately, the policy can help the economy back on track, short-term, foot made said, especially if in the United States and China's recovery and weaken the dollar yen provide additional help.
But in the medium term and long term effect remains to be seen.
Back to the decline of the Japanese economic growth last fall down due to weaken the investment and exports in Europe and China needs the weak blow. Have not yet solved territorial disputes, sparring anti-japanese unrest of a Japanese cars and other products sales in China.
Shinzo Abe, who is his second term as prime minister, and its record in his September 2006 to September first ordinary service, have announced the economic priority.
20 trillion yen economic stimulus plan including 10.3 trillion yen, in the central fiscal spending ($11.7 billion), about half of them will go into public works.
On Friday in the press conference, shinzo Abe denied that his party is depend on the liberal Democrats of more than half a century power after world war ii, encourage corruption and waste time wear consumer strategy.
"This is true," he said. "Let me make it very clear, this is not the pork barrel packaging."
In March 2011 earthquake, tsunami and nuclear disaster damage in the northeast of the coastal areas is a major goal is to promote the reconstruction. The government is tightening aging ports, tunnel, roads and other infrastructure - pressing priority, won the Tokyo suburb of highway tunnel caused nine people were killed in the early December collapse, repair and upgrade work.
In Friday's dozens of other projects approved by the cabinet measures and equipment, in order to strengthen the police and coast patrol, improve the safety of the nuclear power plant preventive measures, the police, traffic safety and aging and the military building facilities.
This program will support the cutting advanced technology and medicine, rare earth recovery and seabed mineral and resources.
It also includes for Japanese enterprise investment funds overseas tourism promotion.
In his campaign on December 16 return to power after three and a half of the time, in the opposition liberal Democratic Party's parliamentary election, Mr Abe insists he determined to rebuild Japan as a "manufacturing", or manufacturing, ethnic, and make sure that Japan could have a safe life.
Shinzo Abe on national television, laid his strategy, accusing the previous government, under the leadership of the Democratic Party of Japan, "completely failed" make it clear how to expand the economic cake.
Many Japanese believe that long-term growth will depend on the government's powerful bureaucracy, politics and education system of fundamental reform.
In choosing key industries, such as renewable energy, to support the government's strong intervention methods. Shinzo Abe also insisted that, the bank of Japan to about 2% of the inflation target, it after many years of close to zero interest rate adjustment its asset purchase policies, allow more loose monetary policy.



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