Japanese Prime Minister Shinzo Abe's government is considering a new economic stimulus package worth 3.5 trillion yen (29.2 billion dollars), local media reported Thursday, in one of his first policy moves since being reappointed as premier, dpa reported. The package is expected to earmark 1 trillion yen for the recovery of the disaster-struck regions of north-eastern Japan, which were devastated by the earthquake and tsunami in March 2011, Jiji Press reported. The government is also likely to allocate 250 billion yen to livelihood support and measures to bolster consumer spending. The grant is designed to help local governments and shopping district operators to issue vouchers to encourage people to spend money, Jiji said. About 170 billion yen is to be earmarked for measures to counter a declining birth rate and other steps to revitalize local economies, the report said.