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Japan mulls high-tech economic stimulus

Japan mulls high-tech economic stimulus
AFP
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First Published: Tue, Mar 17 2009. 02 47 PM IST
Updated: Tue, Mar 17 2009. 02 47 PM IST
Tokyo: Japan may invest $2 billion or more in new information and communication systems under an economic stimulus package with the aim of creating 400,000 jobs by 2011, an official said on Tuesday.
Under the blueprint, the government would build vast fibreoptic networks to supply broadband to entire communities, and subsidise new technologies such as wireless communication networks for cars, the official said.
The three-year plan, if approved, could be financed under a new economic stimulus package that prime minister Taro Aso announced last week, said ministry of internal affairs and communications official Yoshinori Shibayama.
Under the proposal, expected to be worth at least 200 billion yen ($2 billion), Japan could also link many of the nation’s schools, hospitals and other public institutions with fibreoptic networks, said Shibayama.
“The government wants to support that kind of new technology,” he said.
The ministry predicts the new investments could create 300,000 to 400,000 new jobs across a broad range of industries by 2011, Shibayama said.
“For example, by building a ubiquitous communication system we could provide services such as remote medical care or remote education,” Shibayama said.
Aso announced last week plans for a third stimulus package to revive Asia’s largest economy, which is heading for its worst recession since World War II.
He did not say how much the latest package would be worth but local media estimated it could be as much as 20 trillion yen ($203 billion).
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First Published: Tue, Mar 17 2009. 02 47 PM IST