Japan PM seeks extra budget exceeding 13 trillion yen, Nikkei says

Japan PM seeks extra budget exceeding 13 trillion yen, Nikkei says

“Last year’s supplementary budget was 13 trillion yen, and I would like to ask for a larger supplementary budget than that, and have it deliberated and passed by the parliament,” Ishiba was quoted as saying on Tuesday during a stump speech as the campaigning for the lower house election kicks off.

Ishiba earlier this month formally instructed his ministers to draw up the measure to cushion the blow to households from rising living costs. The prime minister, who took the helm on Oct. 1, has stressed that his focus is to get the economy to fully shake off the growth-sapping deflation of the last three decades.

© Reuters. Japanese Prime Minister Shigeru Ishiba attends the 27th ASEAN Plus Three (APT) Summit, at the National Convention Centre, in Vientiane, Laos, October 10, 2024. REUTERS/Athit Perawongmetha/File Photo

The fresh package will include payouts to low-income households and subsidies to local governments.

($1 = 149.6200 yen)

To read the full article, Click Here

Related posts