Takaichi Announces Supplemental Budget
Prime Minister Sanae Takaichi officially announced formulation of FY2026 supplemental budget. The budget is aimed at supporting families and businesses that are suffering from shortage of resources, caused by effective blockade of the Strait of Hormuz. Prolonged war between the United States and Iran forced Takaichi into retracting her policy which would not depend on a supplementary budget. Takaichi told the press in her official residence on May 25 th that her cabinet would submit a supplemental budget bill with 3 trillion yen of fiscal mobilization in the first week of June. She explained that a supplemental budget was necessary for minimizing risk of uncertainty, because the situation in the Middle East was still unpredictable. She insisted that the budget would be endorsed by sufficient financial resources. Takaichi will help people’s payment for electric power and gas for this summer. Deaths of the people with a heatstroke is a serious problem in Japan re...