Japan's new PM vows to revive ailing economy
September 25, 2008 00:00:00
TOKYO, Sept 24 (AP): Outspoken conservative Taro Aso took power as Japan's prime minister Wednesday, promising "emergency measures" to revive the ailing economy and vowing to keep Tokyo in the fight against global terrorism.
"We must take care of the economy, including emergency economic measures," Aso said. "The economy has declined over the past year, and we have to think about how to support the people, including small and medium size businesses."
Aso announced no details, but he has backed using fiscal spending to stave off a deep recession, and said he would not consider raising the 5 percent consumption tax for at least three years.
Aso, 68, swept into office after his predecessor, Yasuo Fukuda, abruptly resigned. The former foreign minister is tasked with rejuvenating the failing ruling party ahead of snap elections he could call before the end of the year.