Kishida Unveils $113 Billion Relief Package to Combat Rising Prices in Japan

Japanese PM Kishida announced a $113 billion package to address rising inflation.

The package includes 17 trillion yen ($113 billion) in spending measures.

It will fund a 13.1 trillion yen supplementary budget for this fiscal year.

Measures include temporary tax cuts to income and residential taxes.

Kishida aims to cushion the economic impact of inflation on households.