PM Kishida says Japan to craft new economic package by end of April

Japanese Prime Minister Fumio Kishida said Monday his government will compile an additional economic package by the end of April to soften the impact of rising crude oil, food and other prices and ensure a recovery from the COVID-19 pandemic.The yen's depreciation is posing a challenge to policymakers in resource-poor Japan, as it inflates import costs and pressures households. Despite a verbal warning by Japan's top government spokesman against "rapid" currency moves, the U.S. dollar continued its ascent on Monday to break the 125 yen threshold for the first time since 2015."We are enterin…READ FULL ARTICLE