The prime minister Fumio Kishida ordered the ruling coalition to develop additional measures over the next two weeks to counter price hikes, Kyodo reported Friday, a move aimed at bolstering a fragile post-COVID economic recovery.
The news comes as households grapple with increased cost-of-living pressures due to rising inflation for items such as energy and food, hitting consumption and smaller businesses.
A global economic slowdown due to sweeping interest rate increases across many countries has dragged on growth in Japan and undercut hopes for a quick post-COVID revival.
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