The Japanese government has approved a comprehensive economic package worth 39 trillion yen (about $250 billion), as it seeks to shore up consumer spending amid rising prices.

The Japanese government approved a comprehensive economic package worth 39 trillion yen (about 250 billion US dollars) on Friday, as it seeks to shore up consumer spending amid rising prices.

Prime Minister Shigeru Ishiba's cabinet is set to approve a 39 trillion yen economic package to support consumer spending as disposable incomes continue to be whittled away by resurgent prices, sources familiar with the matter said Thursday. The economic stimulus will include subsidies to offset high electricity, gas and gasoline…