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Japan readies $48bn package to ease inflation pain

Gasoline subsidies, low-rate loans planned to protect consumers and businesses

A gasoline station in Tokyo. The largest portion of the government's spending is expected to fund efforts to offset surging crude oil prices.   © Reuters

TOKYO -- Japan plans to spend 6.2 trillion yen ($48.2 billion) on additional gasoline subsidies, low-interest loans and cash assistance to alleviate the pain of consumers and small businesses facing rising prices, Nikkei has learned.

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