JAPAN HAS ‘NO NEED' FOR FURTHER STIMULUS PACKAGE

“There is no way that we should worry about what we should eat for dinner when we have not had breakfast yet. The good thing to do is to prepare and eat breakfast first,” Shoichi Nakagawa said.

The government last week finalised its second supplementary budget for the year to end March and its full budget for fiscal 2009, including some Y12,000bn ($132bn) in economy-boosting measures.

However, scepticism as to whether that will be sufficient has grown in recent days amid a slew of bad news about the world's second largest economy.

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