Japan Plans Record Supplementary Budget for Relief

Japanese Prime Minister Shigeru Ishiba has announced plans to compile a supplementary budget for the current fiscal year that will exceed last year's record of 13.1 trillion yen ($87.6 billion). This budget aims to provide financial relief to households facing rising living costs, as inflation and global economic challenges persist. Ishiba has instructed his ministers to prioritize the development of this budget, which is expected to include payouts to low-income families and subsidies for local governments. The government's proactive approach reflects its commitment to supporting citizens during these uncertain economic times. Final details of the supplementary budget are anticipated in the coming weeks, playing a crucial role in shaping Japan's economic landscape. The announcement has had a minimal impact on the Japanese Yen, which is currently trading near 149.65 against the US Dollar.