Inflation

Japan unveils $200bn package to combat highest inflation in decades

Tokyo consumer prices up 3.4%; Kishida calls rapid forex fluctuations 'undesirable'

20221028 Kishida Presser

Japanese Prime Minister Fumio Kishida explains his anti-inflation package on Oct. 28. (Photo by Uichiro Kasai) 

KENTARO IWAMOTO and SAYUMI TAKE, Nikkei staff writers
October 28, 2022 08:45 JST
Updated on October 28, 2022 20:21 JST

TOKYO -- Japan on Friday unveiled an economic package worth about $200 billion to cushion the highest inflation seen in decades, as households and some businesses feel the impact of a weak yen.

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