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Kishida tells ministers to craft economic package as prices soar

Stimulus would aim to soften blow on households and aid recovery from pandemic

Japanese Prime Minister Fumio Kishida, center, attends a cabinet meeting in Tokyo on March 29. He instructed ministers to begin detailed work on developing a new stimulus package by the end of April to soften the blow of rising energy, commodity and grain prices on households.   © Kyodo

TOKYO (Kyodo) -- Prime Minister Fumio Kishida on Tuesday instructed ministers to begin work on developing a new stimulus package by late April to soften the blow from rising energy, commodity and grain prices to households following Russia's invasion of Ukraine.

The package is also aimed at helping Japan's economy recover from the COVID-19 pandemic and will focus on four areas -- higher crude oil prices, stable food supplies, funding support for small and midsized companies and assistance to people in need -- according to Kishida, who delivered his directive at a Cabinet meeting.

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