A global recession is not an imagination now. Japan, the second largest major economic power, must get its economy back on a recovery track without delay. Additional budget should be passed immediately. It should be followed by urgent drastic economic stimulus packages such as measures for small and medium size enterprises' financing as well as tax cut for individuals and companies.
The financial bailout package was justly born. Governments and central banks of the world should keep closely working together to calm down unrest among financial sector. The U.S. economy may take time to bottom out until the housing prices, the main cause of the current financial turmoil, stop decreasing.