The government is making arrangements to hold on April 5 its first ministerial session to discuss urgent economic measures to address rising prices for oil and other goods as a result of Russia’s invasion of Ukraine and hopes to compile a stimulus package by the end of the month to help businesses and individuals who have been hit hard.
The plan was disclosed by several government sources. The ministerial meeting will be chaired by Prime Minister Kishida Fumio, with Chief Cabinet Secretary Matsuno Hirokazu and Minister in charge of Economic Revitalization Yamagiwa Daishiro serving as his deputies. Relevant cabinet ministers, including the minister of economy, trade and industry and the minister of health, labor and welfare, are also expected to attend. (Abridged)