Japan will support 2 trillion yen to fight inflation

The Japanese government prepared a package to counter inflation caused by rising energy and food costs and the depreciation of the Japanese yen against the currency.

Within the scope of the anti-inflation package of 2 trillion yen ($ 15 billion) in total, cash support will be provided and it will be aimed to reduce energy bills.

Within the scope of the support, 30,000 yen ($230) per low-income household and 50,000 yen ($380) per current child in these families will be provided in cash.

Reserve funds in the state budget covering the current fiscal year will be used to finance the package announced before the local elections to be held in April.

Cabinet Chief Secretary Matsuno Hirokazu said in a statement that the Japanese government is ready to respond promptly to volatile prices.