On Friday, Japan Prime Minister Yukio Hatoyama’s three-month-old government had approved a record breaking budget of 92.3 trillion yen (1.0 trillion dollars) to boost its regular Economy for next financial year which is going to start in April.

Hatoyama said that he will do his boost to avoid double- dip recession in country. According to Government The unemployment rate climbed to 5.2 percent in November from 5.1 percent in October, worsening for the first time in four months.

Kyohei Morita, chief Japan economist at Barclays Capital, said the jobless rate could rise into the upper five percent range in the April-June quarter next year with retail and other sectors reducing job offers.

Deflation may ease due to an economic expansion and a planned tobacco tax hike, but inflation will not return any time soon, he added.

“It will be at least three years until we see price rises. Japan’s economic recovery is not strong enough to break out of deflation,” he said.

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