Prime Minister Naoto Kan held a meeting of the Ministerial Committee on the Economy at the Diet building.

The Prime Minister said in his opening address, "With your cooperation, the Cabinet was able to compile the Emergency Comprehensive Economic Measures for Tackling the Strengthening Yen and Deflation within a short period of time after I instructed the consideration of economic measures on September 27.
As indicated in the Three-Step Economic Measures decided on September 10, these economic measures are a follow-up of the first step, which was implementing urgent response measures utilizing the Reserve Budget, and comprise the second step, including the formulation of the supplementary budget for FY2010.
The scale of the program is 21 trillion yen, of which the government will be funding 5.1 trillion yen. The measures are expected to increase the real GDP by about 0.6% and create or protect between 450,000 and 500,000 jobs, according to present calculations.
I will continue to be cautious about economic and employment trends and carry on to the third step, which involves the full-scale implementation of the New Growth Strategy in FY2011, including budget and tax system measures. I will do my utmost to overcome deflation and achieve a self-sustaining economic recovery."