Japan mulls high-tech economic stimulus

Mar 17, 2009
An teacher instructs a student in a Tokyo computer lab. Japan may invest two billion dollars or more in new information and communication systems, including linking the nation's schools with fibreoptic networks, under an economic stimulus package with the aim of creating 400,000 jobs by 2011.

Japan may invest two billion dollars 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 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 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 (two billion dollars), 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 told AFP.

The ministry predicts the new investments could create 300,000 to 400,000 across a broad range of industries by 2011, he 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 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 dollars).

(c) 2009 AFP

Explore further: Sony's quarterly loss balloons on mobile woes

add to favorites email to friend print save as pdf

Related Stories

Semiconductor sales down 28.6 pct in January: SIA

Mar 02, 2009

Worldwide semiconductor sales declined 28.6 percent in January from a year ago as the global recession continued to take a big bite out of the computer chip industry, an industry tracker said Monday.

Recommended for you

Sony's quarterly loss balloons on mobile woes

22 hours ago

Sony's losses ballooned to 136 billion yen ($1.2 billion) last quarter as the Japanese electronics and entertainment company's troubled mobile phone division reported huge red ink.

Will Apple Pay be mobile pay's kick-start?

Oct 30, 2014

If anyone can get us to use our smartphones as wallets, it's Apple. That's what experts think about the recent launch of Apple Pay, the first mobile wallet to work on an iPhone.

Google execs discuss regulation, innovation and bobble-heads

Oct 30, 2014

Eric Schmidt and Jonathan Rosenberg help run Google, one of the world's best-known, most successful - and most controversial - companies. They've just published a new book, "How Google Works," a guide to managing what they ...

LinkedIn reports 3Q loss but sales climb

Oct 30, 2014

LinkedIn Corp. posted a third-quarter loss on Thursday, but its results were better than expected as revenue grew sharply, sending shares of the online professional networking service higher in extended trading.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.