Japan to spend additional $15 billion to combat inflation -Yomiuri newspaper

TOKYO : Japan's government is preparing to allocate over 2 trillion yen ($15 billion) from reserve funds of its 2022 budget to address the country's escalating inflation, the Yomiuri newspaper reported on Monday.

A decision on the plan will be made at a March 22 meeting chaired by Prime Minister Fumio Kishida, the paper said, citing government sources. The plan will aim to address surging prices for liquefied gas, high-voltage electricity at factories and feed used by dairy farmers, according to the report.

($1 = 132.1500 yen)