The government has officially decided to ask households and businesses across Japan to save electricity this winter following a similar request in summer amid lingering power crunch concerns.
Japan on Oct.. 28 will unveil a fresh economic package that will include 29.1 trillion yen ($199 billion) in government spending, featuring steps to alleviate the pain of accelerating inflation and lift the economy out of the doldrums amid COVID-19, Russia s war against Ukraine and a weaker yen.
A new economic package being compiled to help struggling households cope with inflation and support the economy will likely reach 26 trillion yen ($174 billion), a senior ruling party lawmaker indicated on Oct. 24.
Japan should target around 30 trillion yen ($201 billion) for a new economic package to be compiled later this month, a senior ruling party lawmaker said on Oct. 18 as the government aims to help ease the pain of accelerating inflation and support the economy.
Prime Minister Fumio Kishida said on Oct. 14 a new economic package now being compiled will seek to lower utility bills next year for households hit by accelerating inflation, targeting electricity and gas.