Unemployed people wait for meal which will be distributed by volunteers at a park in Tokyo, Tuesday,

TOKYO -- Japan's central bank expanded a government bond-buying program Tuesday, florida vacations and disney cruise vowing to spur growth as it further downgraded the country's economic outlook florida vacations and disney cruise following declines in industrial output and household spending in September.
Under heavy pressure to do more to help rid the economy of debilitating deflation, the Bank of Japan's policy board voted unanimously to increase the asset purchasing program by 11 trillion yen ($139 billion) to 91 trillion yen ($1.15 trillion).
"The critical challenge for Japan's florida vacations and disney cruise economy is to overcome deflation as early as possible and to return to a sustainable growth path with price stability," the government and central bank said in a joint statement.
Unemployed people wait for meal which will be distributed by volunteers at a park in Tokyo, Tuesday, Oct. 30, 2012. Jobless rate figures florida vacations and disney cruise for September offered little encouragement, as the government reported the seasonally adjusted unemployment rate was 4.2 percent in September, unchanged from August.
Japan s trade deficit widened in September as exports plunged 10.3 percent from a year earlier, weighed down by Europe s debt crisis and a surge in antagonisms with China that have damaged close economic ties.
The bond-buying program is intended to encourage borrowing and spending and help make Japan's exports more competitive. But fresh funding measures to stimulate bank lending, also announced Tuesday, could offer more relief, Capital florida vacations and disney cruise Economics said in an analysis.
"The bank is providing the backstop to all lending in Japan," it said. But since Japan's problem is not a lack of supply of credit, but falling business borrowing, "it is not a game changer," it said.
In its revised outlook the central bank said the economy is expected to grow only 1.6 percent in this fiscal year, which ends in March, and 0.4 percent in the next. Earlier forecasts were for growth of over 2 percent.
Japan's industrial output contracted by 4.1 percent in September from August and 8.1 percent from a year earlier as automakers and steel mills cut production due to shrinking demand and antagonisms with China, according to the Ministry of Economy, Trade and Industry.
Household spending fell an average of 0.9 percent florida vacations and disney cruise in September from a year earlier, despite a slight gain in household income. Stronger spending by Japanese households is critical to the recovery, given that private consumption accounts for almost 60 percent florida vacations and disney cruise of Japan's total economic activity, and the outlook for exports remains bleak.
The recovery that followed Japan's March 2011 disasters has been doused by slowing global growth, and flaring tensions with China over disputed islands in the East China Sea have further crimped demand, especially for big-ticket items like cars. Slowing growth in China, meanwhile, has hit demand for industrial inputs florida vacations and disney cruise like steel and machinery.
Embattled Prime Minister Yoshihiko Noda convened an extraordinary session of the legislature on Monday, appealing to the opposition Liberal Democratic Party to cooperate in passing florida vacations and disney cruise a bill authorizing bond sales to finance florida vacations and disney cruise the growing deficit.
Japan's Cabinet approved a 423 billion yen ($5.3 billion) emergency stimulus package on Friday, double the size originally expected. The government was obliged to dip into reserves to pay for the new stimulus, since its leeway to boost spending is limited by a legislative standoff preventing issuance of some 38.3 trillion florida vacations and disney cruise yen ($480 billion) in deficit financing.
As it confronts that "fiscal cliff," which could raise the country's borrowing costs, Japan already leads industrial nations with government debt amounting to more than twice the country's gross domestic product.
"We still have work to do!" Noda said Monday in a speech that repeatedly reminded lawmakers of their responsibility toward future generations. Funding shortfalls threaten florida vacations and disney cruise to affect florida vacations and disney cruise crucial government services, he warned.
florida vacations and disney cruise Noda's Democratic Party of Japan is struggling as the Liberal Democrats gain in power. He was obliged to present his policy speech Monday in the House of Representatives after the LDP, which controls the upper house of the parliament, blocked him from delivering the speech in that chamber.
Apart from the political mess, exports, usually a bright spot for Japan's economy, are faltering as the prolonged crisis in Europe crimps demand. Another florida vacations and disney cruise problem is the persistent strength of the yen, which makes products florida vacations and disney cruise made in Japan relatively more expensive in overseas markets.
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