Japan enacts 13.9tn yen extra budget for economic package

Spending plan includes inflation relief steps and disaster reconstruction costs

20241217 japan parliament

Japan's parliament passed the supplementary budget, which also features subsidies to curb higher energy bills and one-off cash handouts to low-income households, on Dec. 17. © Kyodo

TOKYO (Kyodo) -- Japan's parliament on Tuesday enacted a 13.9 trillion yen ($90 billion) supplementary budget for the current fiscal year through next March to finance a new economic package, including inflation relief steps and disaster reconstruction costs.

The spending plan cleared the House of Councillors, or upper chamber, ahead of the end of the current Diet session, initially scheduled for Saturday but expected to be extended to Dec. 24, following its passage through the House of Representatives last week with the backing of some opposition parties.

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