Japan Cabinet OKs $200B spending plan to counter inflation


              Japanese Prime Minister Fumio Kishida speaks during a news conference at his official residence in Tokyo, Friday Oct. 28, 2022. Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Yoshikazu Tsuno/Pool Photo via AP)
            
              Japanese Prime Minister Fumio Kishida speaks during a news conference at his official residence in Tokyo, Friday Oct. 28, 2022. Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Yoshikazu Tsuno/Pool Photo via AP)
            
              Japanese Prime Minister Fumio Kishida speaks during a news conference at his official residence in Tokyo, Friday Oct. 28, 2022. Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Yoshikazu Tsuno/Pool Photo via AP)
            
              Japanese Prime Minister Fumio Kishida speaks during a news conference at his official residence in Tokyo, Friday Oct. 28, 2022. Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Yoshikazu Tsuno/Pool Photo via AP)
            
              Japanese Prime Minister Fumio Kishida speaks during a news conference at his official residence in Tokyo, Friday Oct. 28, 2022. Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Yoshikazu Tsuno/Pool Photo via AP)
            
              Japanese Prime Minister Fumio Kishida speaks during a news conference at his official residence in Tokyo, Friday Oct. 28, 2022. Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Yoshikazu Tsuno/Pool Photo via AP)
            
              Japanese Prime Minister Fumio Kishida speaks during a news conference at his official residence in Tokyo, Friday Oct. 28, 2022. Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Yoshikazu Tsuno/Pool Photo via AP)
            
              Japanese Prime Minister Fumio Kishida speaks during a news conference at his official residence in Tokyo, Friday Oct. 28, 2022. Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Yoshikazu Tsuno/Pool Photo via AP)
            
              Japanese Prime Minister Fumio Kishida speaks during a news conference at his official residence in Tokyo, Friday Oct. 28, 2022. Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Yoshikazu Tsuno/Pool Photo via AP)
            
              Japanese Prime Minister Fumio Kishida speaks during a news conference at his official residence in Tokyo, Friday Oct. 28, 2022. Kishida’s government approved Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Yoshikazu Tsuno/Pool Photo via AP)
            
              A person wearing a protective mask rides a bicycle in front of an electronic stock board showing Japanese yen/U.S. dollar conversion rate at a securities firm Friday, Oct. 28, 2022, in Tokyo. Inflation has been rising in Japan along with globally surging prices. A weakening of the yen against the dollar has amplified costs for imports. (AP Photo/Eugene Hoshiko)
            
              Japanese Prime Minister Fumio Kishida, second right, speaks during a policy meeting at his office in Tokyo Friday, Oct. 28, 2022. Kishida’s government was to approve on Friday a hefty economic package that will include government funding of about 29 trillion yen ($200 billion) to soften the burden of costs from rising utility rates and food prices. (Keisuke Hosojima/Kyodo News via AP)
Japan Cabinet OKs $200B spending plan to counter inflation