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Prime Minister Sanae Takaichi pledged on May 14 to limit bond issuance as the Japanese government drafts a supplementary budget to support households affected by the Middle East crisis. She emphasized fiscal discipline and protecting future generations from higher debt burdens.
Angola’s ambassador to South Korea said the country is ready to prioritize crude oil supplies to Seoul to ease supply difficulties caused by the Middle East crisis. This is expected to foster long-term energy cooperation between the two nations.
South Korea starts accepting applications on Monday for a second cash support package targeting the poorest 70% of households. The program aims to mitigate financial strain from rising fuel costs due to the Middle East crisis. Payments will be made directly to bank accounts, with authorities prepared to expand measures if needed.
