Japan's Energy Subsidies Set for Revival Amid Rising Fuel Costs

The Japanese government is planning to reinstate subsidies to address soaring electricity and gas costs, potentially extending them from January to March next year. The move is part of a broader economic stimulus plan being discussed with ruling parties and officials soon to be finalized.

As a response to escalating fuel prices, Japan's government is contemplating the reinstatement of subsidies for electricity and gas prices starting January next year. The aid is expected to continue until March, according to NHK, a public broadcaster.

Discussions are underway with ruling party members and related officials to incorporate this subsidy into an upcoming economic stimulus package. The proposal, aimed at mitigating the impact of high fuel costs on consumers, is set to be formalized shortly, NHK reported citing government sources.

The government's initiative underscores its commitment to alleviating the economic burden on households and businesses strained by the current energy market dynamics.

(With inputs from agencies.)