Japan gov't mulling extra budget for FY 2026 to ease impact of oil prices

The Japanese government is considering a supplementary budget for fiscal 2026 to ease the impact of elevated crude oil prices stemming from the Middle East conflict, government sources said Thursday, as calls grow among ruling and opposition parties for one to be compiled.The government has set aside over 1 trillion yen ($6.3 billion), including reserve funds in the fiscal 2025 budget, to finance measures to respond to rising living costs, such as subsidies to curb surging gasoline prices. But concern is growing that they could run out amid uncertainty over the Iran conflict.Prime Minister …READ FULL ARTICLE