Economy
Japan PM Announces Over 3 Trillion Yen Supplementary Budget to Tackle Soaring Energy Prices
Japanese Prime Minister Sanae Takaichi announced on May 17 a supplementary budget of over 3 trillion yen ($19 billion) for fiscal 2026 to combat rising energy prices due to Middle East tensions. The funds will target subsidies for gasoline, gas, and electricity for low-income households. Analysts predict parliamentary approval within months.