Japan's new PM is preparing large economic stimulus to tackle inflation, sources say

By Takaya Yamaguchi

TOKYO, Oct 22 (Reuters) - Japan's new Prime Minister Sanae Takaichi is preparing an economic stimulus package that is likely to exceed last year's 13.9 trillion yen ($92.19 billion) to help households tackle inflation, government sources familiar with the plan said on Wednesday.

The package will be built around three main pillars: measures to counter inflation, investment in growth industries, and national security, the sources said, declining to be identified because the matter is still private.

The plan marks Takaichi's first major economic initiative since the advocate of big fiscal spending took office on Tuesday, reflecting her commitment to what she calls "responsible proactive fiscal policy."

The exact scale of the package is still being finalised, the sources said. It could be announced as early as next month.

($1 = 150.7800 yen)