Japan ruling party executive calls for fresh stimulus package

Japan must come up with a package of measures to cushion the economic blow from the Ukraine crisis, a senior ruling party executive said on Tuesday.

"Given rising inflation, there's a chance Japan may experience stagflation," Tatsuo Fukuda, an executive of the ruling Liberal Democratic Party (LDP), told a news conference.

As the war in Ukraine drives up fuel and commodity prices, some lawmakers have called on the government to compile a fresh spending package to ease the pain on households and companies.