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Japan Weighs Gasoline Subsidy Cuts as Energy Costs Soar

The Japanese government may start reducing its financial support for retail gasoline prices from December as payments become difficult to sustain, Reuters has reported, citing unnamed sources from the…

  • Japan may reduce gasoline subsidies in December, costing billions monthly.
  • Subsidies aim to keep national average price at $1.09 per liter.
  • Government considers food tax cut in April to offset higher gasoline prices.

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