The Japanese economy is facing twin crisis
(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.
Countermeasures to Address the Economic 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.

Economic countermeasures taken by the Aso Cabinet so far
Economic CounterMeasures: A Three-stage Rocket(Total scale: 75 trillion yen)
details  
Measures to support employmentMeasures to support employment
Social SecuritySocial Security
Measures to support small and medium-sized enterprisesMeasures to support small and medium-sized enterprises
Supporting daily lifeSupporting daily life
(Fixed-sum stipend, consumer policies, etc.)
Measures to enhance growth potential and creating a low carbon societyMeasures to enhance growth potential and creating a low carbon society
Regional revitalization measures, agriculture, forestry and fishery sectors measuresRegional revitalization measures, agriculture, forestry and fishery sectors measures
Housing investment and disaster prevention measuresHousing investment and disaster prevention measures
Examples of measures supporting the lives of the Japanese people
解雇などで生活や住宅にお困りの方 家計を支えている方 出産を考えている方・妊婦の方
健康や病気で不安を持つ高齢者の方 資金繰りにお困りの事業主の方 設備投資などを考えている事業主の方
Key Points concerning the Budget Allocation for Promoting Major Policies (333 billion yen)-Imparting peace of mind to citizens of today and seeking a bright future to our children
Defending people's daily livesThe Latent Potential of Local Areas
Social SecurityPeace of Mind among the Public
 Increase assistance to hospitals providing emergency care; expand the area served by helicopters used for medical emergencies  Research into causes and treatments of intractable diseases   Establish a Consumer Services Agency  Increase the planting of wheat, soybeans, animal feed crops, etc. in rice paddies

 Resolve the issue of arable land no longer under cultivation
Related Link
Cabinet Office
  "Emergency measures to defend people's daily lives", "Measures to counter difficulities in people's daily lives", and "Comprehensive emergency measures to bring about peace of mind"
 
Cabinet Secretariat Cabinet Public Relations Office, 1-6-1 Nagata-cho, Chiyoda-ku, Tokyo 100-8968, Japan