The Japanese government formally presented an economic stimulus plan on Friday with spending of 15.4 trillion yen ($154 billion), or nearly 3 percent of GDP, in its biggest ever such package as it grapples with the nation's worst recession since World War Two. The government said on Friday the package would push up gross domestic product by around 2 percentage points and create 400,000-500,000 jobs in the first year. Finance Minister Kaoru Yosano said this week that the new steps would cover five main areas: Creating a safety net for workers who do not have the status of "permanent" staff, helping corporate financing, boosting spending on solar power systems, reducing public anxiety over medical and nursing care services, and revitalising regional economies. The government will fund 4 trillion yen of the new spending with reserves including those in a special account for fiscal investment and loan programmes (FLIPs) and the rest by new bonds, which would amount to around 11 trillion yen, was said in economic stimulus plan. Measures on stock markets are: expanding types of assets purchased by a state body for buying shares held by banks to preferred shares and exchange-traded funds (ETFs) as well as listed real estate investment trusts (REITs), and preparing a backup scheme for a government body to buy shares in case of exceptional market conditions. The government will guarantee up to 50 trillion yen of loans to the body. Also they are doing to increase subsidies to give companies incentives not to cut jobs and support training programmes for unskilled workers.