TOKYO -- Japan's cabinet approved on Thursday a package of economic measures worth about 17 trillion yen ($112 billion), including income tax cuts, as Prime Minister Fumio Kishida grapples with persistent inflation and falling approval ratings.
Politics
Japan approves $110bn stimulus package to fight inflation
New measures include tax cuts as Kishida's popularity plunges
Prime Minister Fumio Kishida said, “Wage increases are not keeping pace with price rises,” after the government unveiled tax cuts to boost spending. (Photo by Suzu Takahashi)
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