Japanese Prime Minister Fumio Kishida has called for discussions on economic measures next month and has given the ruling party an outline for measures to cut gasoline and other fuel prices by the end of August. In his speech on Tuesday (August 22), he said: "This summer I heard many people say that they are distressed by the increase in gasoline and other fuel prices." This month we will first consider the overall solution to this problem and wait until next month. A comprehensive discussion on the overall economic plan will be held next month. "While Japan's headline inflation rate has shown signs of softening recently, subsidy cuts have pushed gasoline prices to new highs. Those subsidies and other existing price incentives are due to expire at the end of September," said Yoshiki, an economist at Dai-ichi Life Insurance. Shinke expects Japan's key inflation gauge to be lifted by half a percentage point if the government removes subsidies for gasoline and kerosene, leaving the BOJ with a more complicated inflation outlook.