From correspondents in Kanto, Japan, 12:00 PM IST

Japan Tuesday unveiled a fresh stimulus package worth 7.2 trillion yen ($81 billion) Tuesday to spur the world's second-largest economy facing deflation and a rising yen.

The government proposed increasing the package from 7.1 trillion yen to 7.2 trillion yen following a call for more pump-priming measures from the People's New Party, one of the two junior coalition partners of the Democratic Party of Japan.

The government did not unveil its proposal as originally planned due to differences within the ruling coalition.

The package was the first economic stimulus plan under Prime Minister Yukio Hatoyama's cabinet since it took power in mid-September.

(Staff Writer, © IANS)