The Japanese government will spend 10.3 trillion yen ($116 billion) in order to boost the economy; with around 3.8 trillion yen of them will be aimed at the disaster prevention and reconstruction. Due to this action, nation's gross domestic product is expected to grow by 2%, while extra 600,000 jobs will be created.
Chinese consumer prices rose 2.5% in December compared with the same period in the previous year, and from 2% in the previous month, exceeding analysts' average forecast of 2.3%.
Australia's Deputy Prime Minister and Treasurer Wayne Swan said Sunday that 2013 could be a better year for global recovery if the policymakers around the world take right decisions to promote jobs and growth.
An improving economic environment both at home and abroad will keep Beijing's gross regional product (similar to GDP) "moderately" increasing in 2013 after registering a 13-year low the previous year.
Japanese Economics Minister Akira Amari said on Sunday that the government and the Bank of Japan were getting closer to an agreement on a joint statement on monetary policy expected to be issued next week.