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Japan announces $113-bn package to combat inflation pain

 Published: 12:30, 2 November 2023

Japan announces $113-bn package to combat inflation pain

Japanese Prime Minister Fumio Kishida said on Thursday the government will spend over 17 trillion yen ($113 billion) in a package of measures to cushion the economic blow from rising inflation, which will include tax cuts.

To fund part of the spending, the government will compile a supplementary budget for the current fiscal year of 13.1 trillion yen, Kishida told reporters.

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