The Japanese government aims to create millions of jobs in the next several years as part of a new long-term action plan to boost economic growth.
Unveiling the plan, Prime Minister Taro Aso said: “The current economic crisis could drastically change the structure of global competition among economies and industries.”
“With bold actions from the government and the private-sector, Japan will be able to increase the value of real gross domestic product by 120 trillion yen (900 billion euros) and create four million jobs by 2020,” Aso told reporters.
With the world’s second-largest economy falling deeper into recession, the government plans to focus on several key areas.
They include strengthening nursing and medical services and subsidising salaries of workers at nursing homes to meet the needs of Japan’s aging population.
There are also various green measures, such as boosting the capacity to generate electricity from solar power in order to make Japan the world’s top low-carbon society.
And there will be subsidies for the purchase of environment-friendly vehicles plus backing for the start of mass production of electric cars in three years.
Extra money will also go to promoting tourism and cultural activities, including the arts, as Japan moves away from the export-driven economic growth model, which the prime minister said was “unrealistic.”