Japan's jobs proposal seen as unlikely to solve problems; critics say plan will only help the construction sector, a leading source of political support

Article Abstract:

The plan to boost Japanese economy by increasing employment is expected to fail since it would not address the root cause of Japan's problems. The Japanese government plans to use one trillion yen to build up employment in the construction industry. Observers, however, are doubtful of the strategy because the sector is already saturated with workers which have prompted companies to resort to layoffs. They feel that the plan is just one of Prime Minister Keizo Obuchi's tactics to gain badly needed popularity.

Japan, Strategy & planning, Construction, Jobs & Employment, Analysis, Construction industry, Employment, Political activity, Obuchi, Keizo, Manpower policy

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Money men call their meeting in Asia a success

Article Abstract:

The IMF and the World Bank claims their recent meeting with Asian finance ministers regarding currency devaluation was successful in formulating policies aimed at maintaining flexibility during liberalization. IMF and World Bank executives expressed their commitment to help Asian countries attract investments and build financial markets as well as find financiers for their much needed infrastructure projects.

Currency Stabilization Programs, Planning, Conferences, meetings and seminars, International Monetary Fund, International aspects, World Bank, International trade regulation, Currency devaluation, International finance, Devaluation (Currency), Currency stabilization

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