The financial system is a public good, and there are policy grounds for using public money to repair it when it's damaged. Especially in fields like biotechnology and telecommunications, familiarity with basic science on the part of corporations themselves is an important key to being able to turn technology into marketable products. As for employment measures, the authorities should think of switching to providing subsidies to companies that hire new employees rather than aiding companies that are loaded with more employees than they need. Another essential point is to increase the liquidity of the market for land. And we need to foster a venture capital system that will promote advanced specialization and management ability in start-ups.
Technology is especially important.
The world is going digital, but Japan still has too few people who can use the Internet. If the government has enough money to help pay for the scrapping of plants and equipment, it might almost be better to use it to provide a computer for every citizen. The government should think of introducing vocational retraining vouchers. If unemployment benefits were extended to include the retraining period, this would double as a short-term measure to keep the economy moving. What's keeping people from using the Internet is their lack of English ability.