Japan ruling parties mull utility subsidies to offset higher bills

Senior members of Japan's ruling parties agreed Tuesday to consider reinstating subsidies to reduce summer electricity and gas bills, as households continue to grapple with the pain of surging prices.Liberal Democratic Party Secretary General Hiroshi Moriyama said after holding talks with his Komeito party counterpart Makoto Nishida that using reserve funds for the current fiscal year could be an option to fund the subsidies.Moriyama said they also must consult opposition parties, given that the ruling coalition does not hold a majority in the House of Representatives.The government introdu…READ FULL ARTICLE