TOKYO -Japanese Prime Minister Fumio Kishida has ordered the ruling coalition to draft additional measures over the next two weeks to counter price hikes, Kyodo news agency reported on Friday, a move aimed at bolstering a fragile post-COVID economic recovery. The news comes as households grapple with intensifying cost-of-living pressures amid elevated inflation for items such as energy and food, hitting consumption and smaller businesses. A global economic slowdown due to sweeping interest rate increases across many countries, led by the U.

https://business.inquirer.net/389304/japan-pm-urges-extra-inflation-relief-steps-as-households-struggle

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