Japan’s Takaichi to Call for Extra Budget Amid Mideast Shock

Japanese Prime Minister Sanae Takaichi is set to announce plans soon to compile an extra budget in response to rising commodity prices driven by the ongoing Middle East conflict, according to people familiar with the matter.

The planned supplementary budget is expected to fund emergency relief measures rather than provide economic stimulus, according to the people, who asked not to be identified discussing a private matter. To finance part of its supplementary budget, the government is likely to issue fresh debt, Reuters reported on Monday, citing an unnamed government official.