Japan to OK USD 490B in stimulus to cushion impact of inflation ...Middle East

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Japan to OK USD 490B in stimulus to cushion impact of inflation
source : Devdiscourse ( Middle East ) () 39
Japanese Prime Minister Fumio Kishida's government was to approve on Friday a hefty economic package that will include government funding of about 29 trillion yen (USD 200 billion) to soften the burden of costs from rising utility rates and food prices. Formal party and Cabinet approval was expected later in the day after a morning economic policy meeting. Kishida was set to give a news conference in the evening. Inflation has been rising in Japan along with globally surging prices. A weakening of the yen against the dollar has amplified costs for imports. The stimulus package includes subsidies for households that are largely seen as an attempt by Kishida to lift his plunging popularity. Hi

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