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.

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.