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(单词翻译:双击或拖选)
By Akiko Fujita
Tokyo
27 October 2009
Japan's new finance minister vows1 to cut wasteful2 spending and give money back to taxpayers3 to revive the country's economy. Hirohisa Fujii's comments come as the country struggles to pay down its ballooning debt.
Japanese Finance Minister Hirohisa Fujii (File)
Finance Minister Hirohisa Fujii says the key to Japan's economic recovery will be a policy that puts money in the hands of taxpayers. Speaking to journalists Tuesday, he reiterated4 the Democratic Party of Japan's campaign promise to increase child allowances, reduce the cost of education, and cut the gasoline tax.
Fujii says the government is saying goodbye to an old concept of growth, a concept that relied on large investments on public projects, an idea that whoever is making money should make more money to help the economy.
The policy to promote domestic spending over exports is a stark5 contrast to previous administrations, led by the Liberal Democratic Party. The LDP relied heavily on exports to drive the economy.
Fujii blames the "export whatever you want economy" for the country's current social disparity.
Japan is the world's second largest economy, but it has suffered more than 15 years of recession or slow growth. Over the past year, it has suffered a deep recession, although the economy now appears to be growing slowly now.
To jump-start its recovery plan, Fujii says, the government has identified $98 billion worth of wasteful spending to cut. He also says the administration plans to re-allocate about $32 billion from this year's supplementary6 budget to go to programs that "help the public in their daily lives."
Fujii also says there is "no doubt" the dollar remains7 the strongest currency in the world. And, he added that Japan would continue to invest the country's foreign reserves in dollars.
All of this talk comes in the face of mounting national debt. Fujii says that Japan is in the worst financial situation among industrialized nations, because of its massive debt. But he says that solutions to those financial problems will not come before the country's economy is back on track.
He says it is important to stabilize8 finances but the government is not in a position to do so. The Japanese economy, he says, is not strong enough for the government to discuss ending stimulus9 programs yet.
1 vows | |
誓言( vow的名词复数 ); 郑重宣布,许愿 | |
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2 wasteful | |
adj.(造成)浪费的,挥霍的 | |
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3 taxpayers | |
纳税人,纳税的机构( taxpayer的名词复数 ) | |
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4 reiterated | |
反复地说,重申( reiterate的过去式和过去分词 ) | |
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5 stark | |
adj.荒凉的;严酷的;完全的;adv.完全地 | |
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6 supplementary | |
adj.补充的,附加的 | |
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7 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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8 stabilize | |
vt.(使)稳定,使稳固,使稳定平衡;vi.稳定 | |
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9 stimulus | |
n.刺激,刺激物,促进因素,引起兴奋的事物 | |
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