Japan approves $19bn extra budget to curb fuel costs amid Iran tensions
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Japan approves $19bn extra budget to curb fuel costs amid Iran tensions

Economy

Deficit-financed package keeps gasoline prices low despite fiscal health concerns

Japanese Prime Minister Sanae Takaichi responds to questions at the House of Councillors budget committee in Tokyo on June 5. (Photo by Ken Suzuki)

TOKYO — Japan has approved a 3.1 trillion yen ($19.4 billion) supplementary budget to help cushion the impact on consumers of rising fuel costs, as tensions in the Middle East keep prices elevated.

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