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The following article was published in our article directory on September 3, 2010.
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Article Category: World Affairs
Author Name: xia zihui
Japan's trade minister directly Island is OK on August 31 said the government is considering to extend the expiring of "eco-points" (eco-point) energy-saving appliances subsidy program, anticipated that the scheme will be extended from 3 months to March 2011, to encourage consumers to replace older appliances such as televisions, buy energy-efficient products. As introduced in Japan last year as part of the New Deal of green consumption, "eco-points" program has been widely welcomed by consumers.
Government has allocated 920 billion yen construction reserve fund
In 2009 the Japanese government's "eco-points" program is a package of efforts to stimulate consumer spending, a relatively small part of the measure.
Zai August 30 key economic ministers meeting held in the Government of Japan decided to extend the Jieneng appliances Hu housing Gouzhibutie expiration date, Zuo Wei Xin economic Cijicuoshi the Hexinbufen, to Dikang Japanese Yen Ji Sheng Zhi and stock prices of the national economy, impact.
In order to ensure that the new measures to be implemented as soon as possible, the Government plans for the program in fiscal year 2010 budget allocated 920 billion yen (10.92 billion U.S. dollars joint) capital reserve fund is expected to be September 10 finalized. Other measures which also include help for young job-seekers, to encourage investment in environmentally friendly industries, and provide assistance to small businesses. Japanese Prime Minister Naoto Kan, said recently that if it is necessary to consider the supplementary budget.
Energy-saving products on the domestic sales surge
"Eco-points" program launched in June 2009, the Japanese government in the global economic crisis to prevent the economic collapse of a package of measures taken. The plan for the purchase of energy efficient consumer products, integration, and consumers can take these points to buy other products and services.
As of the end of July, the Japanese Government has already paid 268 billion yen worth of home appliances "eco points", equivalent to 3.18 billion U.S. dollars. Since the "eco-points" program started, the Japanese domestic TV sales to grow substantially. According to the Japan Electronics and Information Technology Industries Association figures show that in 2009 flat-panel TV sales in Japan increased by 40% in the first 7 months more to achieve a 67% growth rate.
To stimulate the economy take a moderate line
Tokyo on the "eco-points" program and other limited measures of dependence, highlights the appreciation of the yen the Japanese government to offset the negative impact on the economy faces constraints. Appreciation of the yen weakened the competitiveness of Japanese exports. Over the years, according to previous economic stimulus package, the Japanese government to spend money building roads, bridges and other large projects the results carry a heavy debt burden, which greatly limits the ability of current expenditure. More troublesome is that because interest rates have dropped to very low levels of 0.1%, the central bank little room for further monetary easing implementation. Therefore, experts have pointed out that "eco-points" program changed to a strong way to stimulate the economy, instead of people in a relatively moderate line of attack, the effect significantly, developing countries should be able to be the ideal case of the economic stimulus package.
Japan's New Deal Sulan green consumption
Buy energy saving appliances will be "eco-points" and exchange goods: Japan Ministry of the Environment established a points system, that is, the designated energy consumers to buy environmentally friendly products, the availability of appropriate "eco-points." Consumers participating in the program must submit the application form, after the shopping receipts and warranty cards with replacement points, 1 point worth 1 yen, with points in department stores, electronics shops, post offices and other premises consumption or take public transport. At present, the specified products, including more than 2000 kinds of home appliances.
Purchase of green cars to enjoy tax exemption and cash back: from the "cash for clunkers" program similar to the sale of used vehicles in Japan introduced a cash return policy. Buy an energy saving car, to receive 10 million yen cash back, if at the same time sell a useful life of more than 13 years old, you can get 25 million yen cash back. Credit Suisse auto analyst KojiEndo expected, green car incentive policies to make the Japanese car sales to increase at least 100,000 years. The Japan Economic Research Institute, said of life, green cars will reach 450,000 annual sales -151 million.
Installation of solar facilities can apply for government energy subsidies: The Japanese government plans by 2020, the application of solar energy products increased by 10 times the amount, and the global market share from the current 25% to 33%, so that you can increase of 11 million jobs so that economic growth of 10 trillion yen.
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