Prime Minister Shinzo Abe's Cabinet endorsed on Friday a ¥3.12 trillion extra budget aimed at reviving domestic demand stunned by the April 1 consumption tax hike and weaker yen.

To shore up flagging private spending, the stimulus package includes ¥1.19 trillion to provide subsidies to offset rising fuel costs and help regions outside big cities take economic revitalization measures.

The administration mapped out its latest stimulus package on Dec. 27. The extra budget, which is considerably smaller than the previous one, will be enacted when the Diet opens for business later this month.