Japan’s Matsuno: Will allocate more than 2 trillion Yen to cushion blow to economy from rising prices
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“Will allocate more than 2 trillion yen from reserves for measures to cushion blow to economy from rising prices,” said Japanese Chief Cabinet Secretary Hirokazu Matsuno during early Wednesday in Asia.
The news confirms the previous day’s headlines from Japanese media Yomiuri that signaled the government’s efforts to defend the citizens from rising prices. The news also stated that the subsidies on Liquefied Petroleum (LP) gas is recommended for low-income households.
“The pillar is to add a total of 1.2 trillion yen to the “regional revitalization temporary subsidy” that promotes measures at the discretion of local governments, so that they can respond more flexibly to the actual situation of the region,” said Yomiuri before the latest decision.
Also read: USD/JPY finds stability near 132.50, as market eagerly awaits the Fed’s decision
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