Japan likely to extend fuel subsidy to ease pain of consumers - sources

TOKYO : Japan is leaning towards extending support measures for gas and electricity bills set to expire at the end of September, three government and ruling party sources with knowledge of the matter told Reuters on Tuesday, aiming to underpin a fragile economy.

The world's most heavily indebted government has been wrestling over ending subsidies for utility companies out of concern that it may turn voters away from supporting Prime Minister Fumio Kishida. Extending subsidies, however, would make it more difficult to achieve Kishida's aim of bringing the state's primary budget balance, which excludes new bond sales and debt servicing costs, into the black by the fiscal year ending in March 2026.

The scale of any new support will need to be decided, taking into account energy prices, currency moves and more broadly, inflation and its impacts on the economy, the sources said.Source: Reuters

Source: Financial Digest (financialdigest.net)

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan fund eyes JSR buyout as Tokyo ramps up chip interventionTOKYO :Semiconductor materials maker JSR Corp's board will meet on Monday to discuss a potential multi-billion dollar buyout by a government-backed fund that would mark an acceleration of Japan's efforts to strengthen its chip industry.JSR's market capitalisation was 677 billion yen ($4.73 billion) at Friday'
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

SCG Chemicals expected to start production at Long Son plant by SeptemberKUALA LUMPUR : Long Son Petrochemicals, owned by SCG Chemicals, will start commercial production at its petrochemical complex in southern Vietnam in September, the head of Thai conglomerate Siam Cement Group told Reuters on Monday.The company is in the process of testing each operating unit at the complex
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Olivia Rodrigo announces sophomore album is coming in SeptemberCalled Guts, Rodrigo's new album will be released on Sep 8.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan's top currency diplomat escalates warning against weak yenTOKYO :Japan will not rule out any options available to respond appropriately to excessive currency moves, its top currency diplomat Masato Kanda said on Monday, stepping up warnings against recent yen weakening that was 'rapid and one-sided.'The vice finance minister for international affairs also told repor
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Shares in Japan's JSR untraded on surprise possible buyoutTOKYO : Shares in Japan's JSR Corp were untraded with a glut of buy orders early on Monday, after the semiconductor materials maker said it was considering a deal to be acquired by state-backed Japan Investment Corp (JIC). JSR's market capitalisation was 677 billion yen ($4.71 billion) at Friday's market
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan's top FX diplomat escalates warning against weak yenTOKYO : Japan's top currency diplomat Masato Kanda said on Monday authorities will respond to any excessive moves in the currency market, warning that recent yen moves were 'rapid.'When asked about the chance of currency intervention, Kanda told reporters he would not rule out any options.'Regardle
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »