Ishiba proposes measures to combat rising consumer prices

Japanese Prime Minister Shigeru Ishiba is planning strong measures to help consumers facing rising prices. Reports from local media say he wants to introduce these price relief actions after parliament approves the initial budget for the new fiscal year. Ishiba's move seems aimed at increasing his support ahead of the general election this summer. His government has faced challenges with the rising cost of living, leading to public dissatisfaction with its economic policies. Opposing parties have been calling for spending cuts and other financial relief measures. In February, consumer prices in Japan rose slightly more than expected. This increase happened despite government subsidies that helped keep utility costs down. Food prices were particularly affected, rising over 7% due to a weak yen and bad weather. To combat high prices, Ishiba has previously released emergency rice stockpiles, as rice prices surged by 81.4% in February. His administration has already introduced various relief measures in the last year's economic package and the upcoming fiscal year's initial budget. A recent poll showed Ishiba’s approval rating at a record low of 27.6%. This decline in popularity was partly due to controversy over his distribution of ¥100,000 shopping vouchers to some newly elected party lawmakers.