Prime Minister Shinzo Abe will reshuffle his Cabinet on Aug. 3, a day after he will unveil new economic measures that he says are needed to fight deflation, Chief Cabinet Secretary Yoshihide Suga told reporters on Friday.

"I will further accelerate Abenomics policies with a new lineup" of the Cabinet, Abe was quoted as saying by Suga during a daily press briefing.

"I'd like to strongly promote various measures to fulfill the mandate given by the Upper House election" win on July 10, Abe told Friday's meeting of Cabinet ministers, according to Suga.