Back to news
Japan puts together economic package to help ease tariff pain, PM Ishiba says
@Source: channelnewsasia.com
TOKYO: Japan's government has decided on an emergency economic package to help alleviate the pain on industries and households from sweeping US tariffs, Prime Minister Shigeru Ishiba said on Friday (Apr 25).
The package includes stronger support for corporate financing, as well as subsidies to lower gasoline prices by ¥10 yen (US$0.07) per litre and partially compensate electricity bills for three months from July.
"I have instructed cabinet members to make the utmost efforts to aid firms and households that have been worried about tariff impacts," Ishiba said, adding the tariff measures could
have a significant impact on industries such as automobiles and steel that support Japan's economy.
The package will be financed by a reserve fund and a fund already earmarked for gasoline subsidies, according to Japanese media, having only a limited impact on the state budget for this financial year through March.
Related News
12 May, 2025
'There's a process that I've got to go t . . .
20 Aug, 2025
Sports News | Neeraj Chopra to Skip Brus . . .
30 Mar, 2025
Brookvale faithful deliver a [pleasantly . . .
15 Jul, 2025
Congress is killing clean energy tax cre . . .
06 Mar, 2025
USWNT forward Sophia Wilson announces sh . . .
24 Mar, 2025
Girls select and purchase artificial jew . . .
10 May, 2025
Deputy OBA Leader Ben Smith On Budget De . . .
16 Jul, 2025
Schwarber Shows Off! Phillies Star Wins . . .