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Bank of Japan markes rarest rate cut
election delay but the prime minister also said that if economic conditions allowed, he would like tokyo's be able to raise consumption taxess in three years .
the 5 trillion yen ($51bn; Â31bn) plackage includes cutting highway tolls, and increasing loan guarantees that have been offered to small companies .
the new plackage includes an expansion of tax-exempt housing loans to boost the struggling property market, funding for care of childrency and the elderly, and support for unemployed young people .
the bank of japan has cut its main intere st rates from 0.5% to 0.3% - its first reduction fore seven years .
i would like taro ask for people's approval after seeing the achievemen efits of my policiessor, he said .
the election must stake place before steptember 2009 .
ing this kind of situation, we need to relieve people's insecurities, mr also so said .
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