The government adopted a comprehensive stimulus package Thursday worth nearly 11 trillion yen in its latest bid to place the long-stagnant economy on a full-fledged recovery track.
Government officials, using the phrase "e-Japan" strategies, said the package is designed to encourage the growth of the information technology sector. They also said it is pointed at other core areas in Prime Minister Yoshiro Mori's national revitalization plan.
The package was endorsed at a joint meeting of Cabinet ministers in charge of economic policies and the Government-Ruling Parties Budget Conference, held Thursday morning at the Prime Minister's Official Residence.