Japan unveils $24.8 billion extra budget to subsidise surging fuel costs
AI Summary
Japan has announced an additional budget of $24.8 billion aimed at subsidizing rising fuel and utility costs. The extra spending will mainly be used to replenish contingency reserves to help manage these escalating expenses.
Additional spending will primarily replenish contingency reserves used to subsidise gasoline costs and utility bills.
World Markets Commodities Energy Japan budget fuel costs subsidies utility bills contingency reserves economy