Kishida pledges to focus on responding to rising food and energy prices

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Prime Minister Fumio Kishida vowed on Tuesday to prioritize policy aimed at driving up energy and food prices exacerbated by Russia’s war in Ukraine as the country prepares for elections in the Upper House next month.

In a debate involving party leaders ahead of the July 10 House of Councilors elections, Kishida said his government was not considering lowering the consumption tax rate from the current 10% or to modify the ultra-easy monetary policy employed by the Bank of Japan.

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