Japan Commits $19.4 Billion to Fighting Its Energy Crisis
OilPrice.com
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Japan will spend an additional $19. 4 billion to cushion the inflation blow to Japanese households resulting from the oil and gas export flow disruption in the Middle East.
The package, approved by Prime Minister Sanae Takaichi this week, includes a $16-billion reserve fund specifically created for controlling energy commodity prices through additional subsidies, Bloomberg reported.
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