Japan wants to invest 920 billion to stimulate the economy accounted for the first LED

Bank of Japan in August 30th held an emergency meeting, announced to maintain the benchmark interest rate unchanged at 0.1%, and the implementation of further easing monetary policy. Specific measures include: to expand the scale of credit and extend the term of low interest loans. The decision is basically consistent with market expectations. Central bank governor Shirakawa Gataaki said the U.S. economy is weak and strong yen is the main reason for this decision.

At the same time, the Japanese government announced in advance of Strike while the iron is hot. ", a total of 920 billion yen (about $10 billion 800 million) of the new economic stimulus plan. It is reported that the government was prepared to fund the stimulus budget financing from the 2009-10 fiscal year, the plan submitted to Congress for approval in September 10th, and at the end of September.

In order to avoid the appreciation of the yen in the factory moved to overseas by "industrial vacuum", the government decided to establish, if light emitting diode (LED) in the domestic production base and lithium batteries and other related to environmental protection, the government will set up a system of subsidies, in order to promote enterprises to invest in china.

Japanese LED lamps and issued many subsidies, subsidies are basically to promote green innovation and low-carbon industries, but the subsidies for LED enterprises directly specified, is also the first time.

Review of subsidy policy in japan:

January 28, 2010 approved by the Japanese Ministry of economy second 2009 annual budget of 268 billion 310 million yen including relevant information policy, supplementary budget. Which contains a lot of LED lighting industry to support the budget, the budget includes, (1) for environmental protection (Eco-point) system to extend the integral 232 billion 140 million yen (postponed to the end of 2010); (2) for low carbon life process IT technology based on the 5 billion 470 million yen; (3) to promote the green innovation of 990 million yen; (4) for support in Japan to promote the low carbon industry to create employment opportunities for 29 billion 710 million yen.

2010 April the Japanese government began to implement environmental protection product integration system, the purchase of LED can get points for environmental protection of government grants.