Japan to okay $490 billion in stimulus to cushion impact of inflation

 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.            read more.......

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