Japan will allocate ¥500 billion to curb household utility bills
Japan will implement support to curb mounting energy bills from July to September.
The government will allocate ¥500 billion from reserves for related subsidies and compile an extra budget of more than ¥3 trillion.
This move aims to address the impact of higher energy costs caused by the Middle East conflict.
The government will issue new deficit financing bonds to finance the extra budget, which is expected to have no impact on the bond market.