Japanese Prime Minister Fumio Kishida’s government is set to approve a massive economic plan on Friday that includes about 29 trillion yen ($200 billion) in government funding to ease the cost burden of rising utility rates and food prices.

Formal approval from the party and cabinet is expected later the day after the morning economic policy meeting. Kishida is preparing to hold a news conference in the evening.

Inflation has been rising in Japan as global prices have soared. A weaker yen against the dollar increases the cost of imports.

The stimulus package includes subsidies for households, largely seen as Kishida’s attempt to make up for its declining popularity. His government has been shaken by the ruling Liberal Democratic Party’s close ties with South Korea’s Unification Church, which surfaced in July following the assassination of former leader Shinzo Abe.

The stimulus is another sign that Japan will stick with fiscal measures or government spending to meet current economic challenges. While central banks worldwide are aggressively raising interest rates to control decades of high inflation, Japan’s inflation rate is relatively tame at 3%. The bigger concern is that the economy will stagnate rather than overheat.

The Bank of Japan, which has kept its benchmark interest rate at minus 0.1% since 2016, maintained its long-term accommodative monetary policy at its decision-making meeting that ended on Friday.

The total size of the package, including private sector funding and fiscal measures, is expected to reach 71.6 trillion yen ($490 trillion), Kishida said. Fiscal spending will reach 39 trillion yen ($270 billion).

The package includes about 45,000 yen ($300) in household electricity and gas bills and a coupon worth 100,000 yen ($680) for pregnant or child-rearing women.

The 29 trillion yen ($200 billion) spending plan will be part of the supplementary budget, but it still needs to be approved by parliament. Kishida has vowed to prepare and submit a budget plan and get approval as soon as possible.

His approval ratings have plummeted since July amid public criticism of his LDP’s long-standing rapprochement with the Unification Church, which has been accused of brainwashing believers into making huge donations, causing financial hardship and breaking up families.

An internal LDP investigation showed that about half of its 400 MPs were associated with churches but not followers. Kishida’s economy minister Daiyoro Yamaki was forced to resign earlier this week over his church ties and failure to explain their relationship. Former health minister Shigeruyuki Goto replaced him.

The massive spending plan will require issuing more government bonds, which will further add to the deteriorating national debt accumulated by the Japanese government as it spends heavily to deal with the fallout of the outbreak. Japan’s long-term debt now exceeds 1.2 trillion yen ($8.2 trillion), or more than 200% of the size of its economy.