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2026-05-26 09:41:36
[Japan to Use $3.2 Billion from Reserve Funds to Subsidize Electricity and Gas Prices, Ensuring Prices Are Lower Than Last Year] (1) Japanese Finance Minister Satsuki Katayama stated that the government will use approximately $3.2 billion (¥513.5 billion) from this year's annual budget reserves as a supplementary budget to subsidize public utilities. (2) Regarding electricity and gas prices from July to September, the government has decided to allocate this amount from the reserve funds to ensure that prices are lower than last summer's levels. (3) Katayama also stated that Prime Minister Sanae Takaichi pointed out at a cabinet meeting that, given the still uncertain situation in the Middle East, the government should flexibly formulate support measures, not limited to support for electricity and gas prices.
