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Japan’s finance minister vows all-out efforts to fight inflation

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 Japan s Finance Minister Shunichi Suzuki said on Monday the government would do all it could to tackle the rising cost of living as it sought parliamentary approval of an additional budget to finance an economic package In a fiscal policy speech to the Diet the country s parliament Suzuki said the economy was facing headwinds from accelerating inflation driven by rising commodity prices and a sharp fall in the yen The Japanese government submitted a 29 1 trillion yen 199 billion supplementary budget bill for fiscal year 2022 to the Diet on Monday to finance its economic package designed primarily to combat rising prices The environment surrounding the Japanese economy is becoming more and more severe We need to get through this difficult time by supporting Japanese people s livelihoods and business activity and putting the economy on track for much higher and sustainable growth the minister said of finance The government aims to see the draft budget approved by parliament before the current session of the Diet ends in early December Xinhua
Japan’s finance minister vows all-out efforts to fight inflation

Finance Minister Shunichi Suzuki

Japan‘s Finance Minister Shunichi Suzuki said on Monday the government would do all it could to tackle the rising cost of living as it sought parliamentary approval of an additional budget to finance an economic package.

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In a fiscal policy speech to the Diet, the country’s parliament, Suzuki said the economy was facing headwinds from accelerating inflation driven by rising commodity prices and a sharp fall in the yen.

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The Japanese government submitted a 29.1 trillion yen ($199 billion) supplementary budget bill for fiscal year 2022 to the Diet on Monday to finance its economic package designed primarily to combat rising prices.

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“The environment surrounding the Japanese economy is becoming more and more severe. We need to get through this difficult time by supporting Japanese people’s livelihoods and business activity and putting the economy on track for much higher and sustainable growth,” the minister said. of finance. .

The government aims to see the draft budget approved by parliament before the current session of the Diet ends in early December. ■

(Xinhua)

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