Takaichi Says Gasoline Prices Will Remain Around 170 Yen Per Liter
Prime Minister Takaichi said the government will continue using subsidies to keep the nationwide average gasoline price at around 170 yen per liter, drawing on reserve funds set aside to respond to developments in the Middle East. (News On Japan)
Japan's Prime Minister Takaichi announced on Tuesday that the government will maintain subsidies to keep the average gasoline price around 170 yen per liter, utilizing reserve funds set aside for Middle East developments. This measure, introduced in response to rising crude oil prices due to Middle East tensions, has been in place since March 19.
The government aims to hold the nationwide average retail price at approximately 170 yen per liter, with Finance Minister and Economy, Trade and Industry Minister instructed to take necessary steps. Meanwhile, Typhoon No. 18 is expected to hit Okinawa and the Amami Islands late Tuesday night, potentially disrupting flights during the summer vacation season as Japan deals with torrential rain, flooding, extreme heat, and sudden thunderstorms.
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