Japan to Extend Energy Subsidies Until April Amid Inflation Hit

The Japanese government plans to extend utility and gasoline subsidies through April as part of its latest set of economic support measures, in an attempt to keep a lid on prices for longer as Prime Minister Fumio Kishida seeks to revive his support levels.

The government “will manage the policy with flexibility and agility, considering factors like growing international tensions, crude oil prices and energy-related developments,” according to a draft of the economic stimulus package obtained by Bloomberg. Kishida said in parliament Monday that he will keep the subsidy in place until the spring, without specifying the exact timing.