TOKYO (Reuters), – Japan’s government is taking all measures necessary to assist the economy that has been severely affected by the coronavirus epidemic, Daishiro Yamagiwa, the new minister of economy, said Tuesday.

Yamagiwa is among 13 new faces in Fumio Kirisha’s cabinet. He told journalists at his first press conference that he was determined to pursue bold economic and fiscal policies.

“We will manage our economic and financial policy with flexibility without hesitation,” he stated, calling for talks about the country’s growth strategy and how to reduce income inequality.

Kishida has pledged https://www.reuters.com/world/asia-pacific/japan-may-sell-more-bonds-fund-next-premier-kishidas-stimulus-package-2021-10-01 to compile a stimulus package worth tens of trillions of yen, which would be a move which may help firm up growth in the world’s third-largest economy.

Hirokazu, the chief cabinet secretary of the Japanese government, also spoke on Tuesday. He stated that rising oil prices would harm corporate profits as well as increase household burdens.

The Japanese stock price plunge to one month low was not discussed by him, as markets follow daily market factors.