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To address the issue of record unemployment, the Japanese government announces plans to spend 400 billion yen ($3.67 billion) to create jobs. The funds will be used to support small businesses and implement other measures aimed at generating 350,000 jobs over the next year. This initiative has been launched in response to the deep economic crisis in Japan, which has resulted in many companies downsizing their workforce. Unemployment figures hit a record high of 4.9% in February and March, underscoring the urgent need for government intervention.
Tuesday, 16 May, 2000