Japan PM Kishida pledges new steps to deal with rising fuel, food prices

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TOKYO : Japanese Prime Minister Fumio Kishida said on Friday he will instruct his government to come up with additional measures to cushion the economic blow from rising energy and food prices.Kishida said he will issue the order at a meeting of a government panel on Monday that will discuss measures to h

TOKYO : Japanese Prime Minister Fumio Kishida said on Friday he will instruct his government to come up with additional measures to cushion the economic blow from rising energy and food prices.

"I will order additional, seamless steps to be taken focusing on energy and food prices, which make up most of the recent rise in inflation," Kishida told reporters. While far modest than in other advanced countries, Japan's consumer inflation exceeded the central bank's 2 per cent target for three straight months in June due largely to rising fuel and global raw material costs.

 

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