Japan gov't to compile over 3 tril. yen extra budget: PM Takaichi

TOKYO - The Japanese government will compile a supplementary budget for fiscal 2026 totaling more than 3 trillion yen ($19 billion) to brace for higher energy prices amid prolonged tensions in the Middle East, Prime Minister Sanae Takaichi said Monday.

The draft budget will be submitted to parliament possibly next week, she told reporters, while also noting that the government will use 500 billion yen from reserve funds to help households pay for utility bills from July to September, when demand for air conditioning grows.