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.

Shigeru Ishiba, the leader of Japan’s ruling Liberal Democratic Party (LDP), has secured a new term as the country’s prime minister after a parliamentary vote on Monday. Ishiba, 67, was first sworn in as prime minister in September after his predecessor,