Posted on 07 Dec 2009
The Nikkei daily has said the package would be worth 24 trillion yen (US$272 billion), of which 7.1 trillion yen (US$80.5 billion) would be actual spending, with the remainder loan guarantees and other measures.
"Finally we will make a decision today," Hatoyama told reporters when asked about the package, which was delayed by disagreements between partners in the ruling coalition late last week.
It is likely to be approved by cabinet Tuesday, local news reports said.
The package, to be funded by a supplementary budget, was held up Friday when the financial services minister, Shizuka Kamei, boycotted a ministerial meeting while demanding eight trillion yen in additional spending.
Hatoyama's centre-left Democratic Party of Japan (DPJ) relies on the support of the small party Kamei leads, the People's New Party, to smoothly pass laws in the upper house.
The premier has warned of the risk of a double-dip recession as the yen's recent rapid rise and price deflation have threatened
The yen, after hitting a 14-year high of 84.82 to the dollar late last month, was back down to around 90 to the dollar Monday. A strong yen makes the country's exports less competitive.
