Prime Minister Fumio Kishida said on Sunday he plans to reshuffle his Cabinet as early as Wednesday, and will compile a package of "drastic" economic measures soon after to boost the country's fragile recovery.

"I'm thinking of conducting a personnel change of party leadership and of the Cabinet as early as the 13th," Kishida told a new conference in New Delhi, on the sidelines of a Group of 20 summit meeting.

"On economic measures, I want them to protect the people's lives from price hikes and to reinforce the trend of wage increases and investment expansion. I want to carry out drastic steps, supported firmly by a necessary budget," he said.