Japan gov’t submits draft extra budget to Diet for economic package

Japan’s government on Monday submitted to parliament a draft supplementary budget for fiscal 2024 worth 13.9 trillion yen ($92.7 billion) to finance a new economic package aimed at easing inflation-driven financial pressures on households.
But it remains to be seen whether the spending plan will pass smoothly during the ongoing extraordinary Diet session through Dec. 21 as Prime Minister Shigeru Ishiba’s Liberal Democratic Party and its coalition partner, the Komeito party, lost their majority in the House of Representatives in the general election in late October.

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