Japan Considers Supplementary Budget on May 14 to Support Rising Fuel Costs

According to Kyodo News, the Japanese government is considering compiling a supplementary budget on May 14 to ease household burden from rising fuel costs. The measure would support families facing higher gasoline prices and utility bills during the summer season, putting pressure on Japan's already strained fiscal position. Following the report, yields on 30-year and 40-year Japanese government bonds rose as investors anticipated increased government debt issuance to fund the additional budget.
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