Japan gov't decides to spend 650 bil. yen on winter energy support
TOKYO (Kyodo) -- The Cabinet of Prime Minister Sanae Takaichi decided Friday to tap 650 billion yen ($4.1 billion) from emergency reserves to reduce u
The Japanese government announced on Friday that it will allocate 650 billion yen ($4.1 billion) from emergency reserves to alleviate energy costs during the winter months. This decision comes as energy prices continue to soar due to heightened tensions in the Middle East. The funds, sourced from the 2.5 trillion yen reserve set aside for the consequences of the Middle East situation in the supplementary budget for fiscal 2026, leave around 85 billion yen available for future use.
Out of the 650 billion yen, approximately 520 billion will be employed to provide subsidies aimed at reducing electricity and city gas bills for households between December and February. This initiative is expected to help cut an average household's utility bills by roughly 7,000 yen over the three-month period. Additionally, around 130 billion yen will be allocated to local governments for measures to decrease the prices of liquefied petroleum gas and kerosene.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
