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The Independent UK
The Independent UK
National
Mari Yamaguchi

Japan to OK $490B in stimulus to cushion impact of inflation

ASSOCIATED PRESS

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 ($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.

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