• Kyodo

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Japan is considering spending over ¥1 trillion ($8.1 billion) on a new stimulus package to cushion the impact of surging energy, commodity and grain prices stemming from Russia’s invasion of Ukraine, government sources said Wednesday.

The package will mainly see increased support for sectors that rely on fuel or grain, such as the transportation, agriculture, forestry and fishery industries, the sources said. Prime Minister Fumio Kishida instructed ministers a day before to start crafting the package by late April.

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