7 September 2001, 14:45 Japan ruling parties to decide on economic, employment measures today - report
TOKYO (AFX-ASIA) - The ruling parties will decide on comprehensive
economic and employment measures today, including a plan to set up a
fund to help create employment opportunities and support job changes,
he Nihon Keizai newspaper reported.
Prime Minister Junichiro Koizumi is expected to include such
measures in a year to March 2002 supplementary budget, it said.
He will instruct lawmakers to devise an extra budget following the
release of the April-June gross domestic product data.
The proposed steps include establishing a fund for both the
creation of new industries and emergency employment measures.
The fund, which New Komeito says should be as large as 2 trln yen,
is intended to help municipal governments hire more staff for
public-service-related positions and enable people to use
private-sector placement agencies as well as government-run placement
centers to find new jobs.
Other employment measures include expanding unemployment insurance
to cover those studying to be certified, enabling the unemployed to
defer mortgage payments, and finding jobs for the growing number of
workers expected to be laid off from the construction industry, the
newspaper said.
The parties will support efforts by the Liberal Democratic Party's
Research Commission on the Tax System to revise securities-related
taxes in order to revitalize the stockmarket, it said.
The coalition will also propose expanding preferential tax systems
for start-ups as well as for capital investment by small and midsize
companies.
The ruling parties aim to submit tax reform plans to the
extraordinary Diet session slated to be called September 27.
The measures also call for the early passage of legislation that
will create a legal framework to establish an entity that will buy
stocks from banks as they unwind cross-held shares, the newspaper
added.
© 1999-2024 Forex EuroClub
All rights reserved