Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Japan senior coalition lawmaker urges economic stimulus

Published 03/12/2022, 02:13 AM
Updated 03/12/2022, 02:15 AM
© Reuters. FILE PHOTO: Komeito party leader Natsuo Yamaguchi attends a debate session with other  leaders of Japan's main political parties, ahead of October 31, 2021 lower house election, at the Japan National Press Club in Tokyo, Japan October 18, 2021. REUTERS/Is

TOKYO (Reuters) - A senior member of Japan's ruling coalition said on Saturday the government should compile economic stimulus measures to address soaring energy and food costs.

Natsuo Yamaguchi, head of Komeito, the junior partner in Prime Minister Fumio Kishida's coalition, said the measures were among steps needed to prepare for a further rise in prices of oil, wheat and other goods as a result of Russia's war on Ukraine, a party spokesperson said, confirming media reports.

Yamaguchi also urged the government to curb retail fuel prices by invoking a "trigger clause" allowing it to cut the gasoline tax in addition to existing energy subsidies, the spokesperson said.

Latest comments

Seriously; take note America!
Russia would be the catalyst for more money printing, givernment stimmy's and a convenient blame for inflation. Who else saw this coming?
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.