Sunday, February 15, 2009

Japan welcomes US stimulus package

Japan's prime minister Saturday welcomed the approval of a US stimulus package and expressed envy at its speedy passage through Congress.

Taro Aso said he had high hopes for President Barack Obama's 787-billion-dollar package of tax cuts and fresh spending to salvage the US economy.

Aso also took the opportunity to criticise Japan's opposition parties, which control the legislative upper house and have attempted to block many stimulus measures proposed by the ruling party proposed.

"It has been our great interest to see the United States offers a good policy package and see it becomes effective. I am somewhat hopeful that this will lead to good things," he told reporters.

"I envy the speediness of the US legislature, compared to Japan, where we cannot even start an extra budget."

The budget was enacted, but cannot be executed until other bills are passed.

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