The Liberal Democratic Party will push the government to spend 500 billion yen in reserve funds on public works projects by the end of July to boost the nation's economy, reappointed LDP policy chief Shizuka Kamei said Friday.

The LDP will maintain its current stimulus policy for the time being, with the intention of putting the economy on a steady path of growth of between 2 percent and 3 percent, Kamei told a news conference.

Earlier in the day, the party's Executive Board named Sadatoshi Ozato, former chief of the Management and Coordination Agency, as chairman of the Executive Council. The board also reappointed Secretary General Hiromu Nonaka.