Japan's govt backs $19 bln to dampen Iran war impact
Prime Minister Sanae Takaichi’s government backed on Wednesday $19 billion in additional spending to help Japanese households struggling with soaring everyday costs driven by the Iran war.
The budget could reportedly be passed as soon as Friday in the legislature that is dominated by the ruling Liberal Democratic Party and allies of Takaichi, who said previously the money would go toward easing petrol, electricity and gas costs.
The extra budget was “decided” at a cabinet meeting, the prime minister’s office said on its website.
Top government spokesman Minoru Kihara told reporters at a news conference the cabinet had allocated 3.1135 trillion yen ($19 billion).
