Japan’s cabinet approved a stimulus package that’s slightly bigger than last year’s, as Prime Minister Shigeru Ishiba followed up on a pledge to ramp up support for households and businesses struggling to cope with higher costs.

Japanese Prime Minister Shigeru Ishiba said on Friday the government would compile a stimulus package of around 39 trillion yen ($253 billion) that will be funded by a supplementary budget it hopes to pass through parliament.

Parliament voted Monday to stick with Mr. Ishiba, who will lead a minority government after his party suffered heavy losses in an election last month.

Japanese Prime Minister Shigeru Ishiba is set to unveil a $140 billion economic stimulus package to address a range of challenges from inflation to wage growth, following his election promises to alleviate a cost-of-living crunch.

The package is aimed at easing rising living costs and promoting business innovation and investment.

Japan's minority government signed off Friday on a $140-billion stimulus drive aimed at putting more money in consumers' pockets after the ruling party's worst election result in 15 years.

Japanese Prime Minister Shigeru Ishiba struck a deal with a key opposition party over his economic stimulus package, by promising that discussion of the opposition’s tax cut proposals will be included among the measures,

Prime Minister Shigeru Ishiba's government has finalized its first major fiscal stimulus package -- worth 22 trillion yen (approx. $142 billion). One ･･･

Japan’s parliament is set to elect a prime minister Monday in a mid-afternoon vote that’s likely to keep Shigeru Ishiba in the job despite a national election setback, as the premier prepares for an expected meeting with US President-elect Donald Trump later this month.