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World / Asia

Japan allocates over $3 billion to subsidize energy bills during summer

Published: 26 May 2026 - 11:23 pm | Last Updated: 26 May 2026 - 11:24 pm
Peninsula

QNA

Tokyo :Japan decided Tuesday to allocate more than $3 billion for energy bills during the summer to ease the impact of the conflict in the Middle East.

In a cabinet meeting today, the Japanese government approved spending approximately 510 billion yen (about $3.2 billion) to help pay electricity and gas bills from July to September.

The government stated that the funds will come from the 1 trillion yen reserve funds booked in the initial fiscal 2026 budget.