Following are some of the measures outlined in the Liberal Democratic Party's economic stimulus package that was announced Friday:
1) Steps to ease the credit crunch, such as preparation of legislation that would enable firms to revalue their landholdings at market prices, giving banks a larger capital base and in effect more room to extend loans.
2) Study of additional ways in which to spur land transactions, such as making better use of government-affiliated organizations, and the use of public funds to encourage participation in the market for securitized real estate.
3) Efforts to revive the securities market through such means as easing regulations regarding stock buybacks.
4) Measures to assist embattled Asian countries, such as the extension of roughly 300 billion yen in two-step loans from the Japan Export-Import Bank and the provision of additional trade insurance, as well as a study into the possibility of creating a common currency system for the region.