tradingkey.logo

Japan to forgo submitting extra budget to current Diet session, Nikkei reports

ReutersApr 15, 2025 11:29 PM

- Japan's government will forgo submitting a supplementary budget during the current parliament session, the Nikkei newspaper reported on Wednesday, citing a senior ruling party official.

Instead, the government will use budget reserves to re-introduce subsidies aimed at curbing utility bills, the Nikkei said.

Some ruling coalition lawmakers have called for compiling a large-scale spending package to cushion the economic blow from rising cost of living and U.S. President Donald Trump's tariff policy.

Such a package would have required the government to submit a supplementary budget to the current parliament session that runs through June.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI