(1)The short-term crisis (the risk of a negative spiral)
Amid the deeping "global financial crisis" and the "synchronized global recession", the Japanese economy is facing a rapid contraction of exports and a severe financial environment.
(2)The structual crisis (responding to a "great adjustment" of the global economy)
The Japanese economy is also confronted with a "structual crisis." The current financial and economic crisis makes it inevitable for the global economy to undergo a "great adjustment" as countries around the world explore a new balance. In addition, it is likely that common challanges facing the world such as achieving a shift to a low-carbon society and ensuring health and longevity will become increasingly important when the global economy recovers from the crisis.
Prime Minister Taro Aso held a press conference at the Prime Minister's Office and anounced the countermeasures to address the economic crisis an additional set of economic countermeasures.