Economists warn Takaichi subsidies risk spurring Japanese inflation
Inflation
Funds running out to give relief to motorists at gas pump from high oil prices
Gas prices in Japan would have exceeded 200 yen a liter ($4.73 a U.S. gallon) without the government’s subsidy. (Photo by Mao Kawano)
TOKYO — Economists are warning that a generous subsidy from Prime Minister Sanae Takaichi’s administration to help motorists at the pump could end up spurring inflation in Japan, as the damaging effects of the conflict in the Middle East linger.
