Japan agrees to a stimulus package worth 21.9 trillion yen, and the government expects it to slow down inflation.

The Japanese government announced on Friday morning, led by the new Prime Minister Shigeru Ishiba, the approval of a comprehensive stimulus support package to boost Japan's economic growth, valued at 21.9 trillion yen (about 141.9 billion dollars).

According to the press release from the Japanese government, the stimulus package that was announced will include direct cash assistance of 30,000 yen for low-income Japanese households, which have been mainly affected by economic pressures.

The Japanese government will also use the package to extend energy support to reduce energy costs for households, and the package is expected to last from January to March of next year. The Cabinet's forecasts indicate that these subsidies could reduce consumer price inflation by 0.3 percentage points monthly during the period from February to April.

The total value of the economic support package announced by the Japanese government is expected to reach approximately 39 trillion yen (about 253 billion dollars), when accounting for loans and investments in the private sector.