TOKYO, Oct. 9 (Xinhua) -- Japan's ruling Liberal Democratic Party (LDP) is considering restoring a law to inject public funds into capital bases of regional financial institutions as part of envisioned additional economic stimulus measures, Kyodo News Agency reported Thursday.
Prime Minister Taro Aso said earlier in the day he has instructed the LDP and its coalition partner the New Komeito party to come up with additional measures to stimulate the nation's sluggish economy amid the intensifying global financial crisis.
The fund-injection law was enacted on Aug.1, 2004 as temporary legislation and it expired on March 31 this year.
But the LDP deemed it is necessary to stabilize the business bases of regional banks as well as credit unions through such fund injection in order to ensure smooth funding for local economies and prevent a credit crunch.
The LDP will discuss the matter at its project team for dealing with the global financial crisis, Kyodo quoted the lawmakers from LDP as saying.