Japan Govt to Launch Program to Cut Down Gasoline Prices by 10 Yen
Tokyo, April 22 (Jiji Press)--Japanese Prime Minister Shigeru Ishiba plans to launch a new program next month to reduce gasoline prices by 10 yen per liter, in response to U.S. President Donald Trump's tariff measures and the rising cost of living, informed sources said Tuesday.
He also plans to bring back subsidies aimed to cut down on electricity and gas bills during the July-September period, as part of the central government's efforts to tackle the torrid summer heat, according to the sources. Such subsidies had been provided up until March this year.
The government is now not expected to submit a fiscal 2025 supplementary budget bill featuring cash handouts during the ongoing ordinary session of the Diet, Japan's parliament. By implementing measures in place of the proposed extra budget, Ishiba hopes to alleviate the financial strain on members of the general public in their daily lives ahead of a House of Councillors election to be held this summer.
Currently, the government is offering oil wholesalers subsidies to ensure that gasoline prices are kept at around 185 yen per liter.
Ishiba is considering implementing a program starting next month to set the gasoline price reduction rate at 10 yen, instead of deciding target gasoline prices, the sources said.
(2025/04/22-18:58)
To read a full story, please click here to find out how to subscribe.
NATIONAL
-
04/26 22:05 Japan's Iwaya, Others Attend Funeral of Pope Francis -
04/26 21:34 Families Hold Signature Campaign for Early Return of Abductees - 04/26 17:23 U.S. Lawmakers Urge Trump to Push for Return of Japanese Abductees
- 04/26 14:17 Ishiba Vows Wage Hikes Keeping Up with Inflation at May Day Event
- 04/26 12:51 U.S. "Very Close to Deal" with Japan: Trump
- 04/25 23:36 (Update) Japan Emperor, Empress Host Dinner for Danish King
- 04/25 23:29 Japan Conveys Regrets to Denmark over Sea Shepherd's Watson
- 04/25 22:54 Japanese Emperor Naruhito Hosts Dinner for Danish King
- 04/25 22:26 S. Korean Court Orders Japan to Compensate in Comfort Woman Case
- 04/25 22:04 Remains of Ainu People in Britain to Be Returned to Japan
- 04/25 21:12 LDP's Moriyama Sees Room for More Corn, Soybeans from U.S.
- 04/25 20:36 Japan Foreign Min. Iwaya to Attend Pope's Funeral
- 04/25 19:52 CDP to Pledge 1-Yr Zero Pct Consumption Tax for Foods
- 04/25 19:33 Tokyo to Search for Birth Parents of Man Switched as Newborn
- 04/25 18:43 Denmark King Visits Hiroshima Peace Memorial Park
- 04/25 18:35 LDP's Takaichi to Visit Taiwan from Sun.
- 04/25 17:47 Amazon Japan Ordered to Pay Damages for Mishandling Counterfeits
- 04/25 17:45 Japan to Install Renewable Energy Systems at 4,000 Shelters
- 04/25 17:10 Govt Begins Special Probe of Japan Post over Improper Driver Checks
- 04/25 16:53 Ishiba Orders More Aid for Employment "Ice Age" People
- 04/25 16:48 (Update) Many G-20 Officials Seek to Maintain Free Trade System
- 04/25 16:04 35 Pct of Japan Local Govt Officials Face "Customer Harassment"
- 04/25 15:25 PFAS Levels Over Standard at 242 Sites in Japan
- 04/25 14:55 Victims Mourned 20 Years after Train Derailment Accident in Japan
- 04/25 14:00 INTERVIEW: Firms' Environmental Drive Unshaken by U.S. Policy Shift
- 04/25 12:29 Tokyo Core Consumer Prices Log Steepest Rise in 2 Years
- 04/25 11:50 Japan Unveils Emergency Measures to Cushion U.S. Tariff Impact
- 04/25 09:53 Japan's Greenhouse Gas Emissions Fall to Lowest in FY 2023
- 04/25 08:07 U.S. Does Not Seek Currency Targets in Talks with Japan
- 04/24 23:30 Japan PM Ishiba Holds Phone Talks with India's Modi
- 04/24 22:28 Japan to Cooperate over Costa Rica's CPTPP Membership Bid
- 04/24 22:06 (Update) Japan Lower House Passes AI Promotion Bill
- 04/24 21:51 Extracted N-Fuel Debris from TEPCO Plant Weighs 0.2 Gram
- 04/24 21:30 Japan, Luxembourg Leaders Agree to Step Up Cooperation
- 04/24 21:14 Masaaki Koyama, "Pitching Precision Machine," Dies at 90
- 04/24 20:24 Osaka Casino Project Breaks Ground, Aiming for 2030 Opening
- 04/24 19:42 All 4 Giant Pandas at Western Japan Zoo to Be Sent to China
- 04/24 19:12 (Update) Japan Govt Ordered to Pay over Sexual Assault by Ex-Lawmaker Aide
- 04/24 19:07 LDP Plans to Submit Pension Reform Bill in Mid-May
- 04/24 18:43 2 Ruled Guilty of Injuring Girl with Illegally Modified Vehicle
- 04/24 18:02 TSE to Ask Firms to Lower Minimum Trading Unit to 100,000 Yen
- 04/24 17:48 Japan Govt Spokesman Raps Sexual Assaults by U.S. Marines
- 04/24 17:10 Japan Govt Ordered to Pay over Sexual Assault by Ex-Lawmaker Aide
- 04/24 16:39 Narita Airport Reports 16 Pct Passenger Increase
- 04/24 14:45 Japan, U.S. to Hold 2nd Round of Tariff Talks on Wednesday
- 04/24 13:37 Japan Lower House Passes AI Promotion Bill
- 04/24 13:32 Japan to Introduce "Blue Ticket" Fines for Cyclists in April 2026
- 04/24 12:19 INTERVIEW: World Bank Exec Urges Developing Countries to Expand Trade
- 04/24 09:56 U.S., Japan Not to Discuss Currency Targets: Bessent
- 04/23 23:44 High Levels of PFAS Found in Blood of Osaka Factory Workers
- 04/23 22:51 Japan, Switzerland to Work for Int'l Meeting on Ukraine Mines
- 04/23 22:11 Japan Plans to Send Foreign Minister to Pope's Funeral
- 04/23 22:05 U.S. Marines Suspected of Sexually Assaulting Women in Okinawa
- 04/23 21:58 Improper Checks on Drivers Found at 75 Pct of Japan Post Offices
- 04/23 21:19 Japan to Introduce Own ESTA System in FY 2028
- 04/23 21:02 Japan to Increase Startups from "Kosen" Tech Colleges
- 04/23 20:43 Hokkaido Fisher to Hold Memorial Service for Tour Boat Accident Victims
- 04/23 20:29 Families Mourn Victims on 3rd Anniv. of Hokkaido Boat Sinking
- 04/23 19:43 Japan PM Ishiba Vows to Protect Free Trade System
- 04/23 19:41 Final H-2A Rocket to Be Launched on June 24
- 04/23 19:16 Japan Emperor, Empress Mourn Death of Pope Francis
- 04/23 18:55 Japan Health Insurance Premium Rate to Hit Record High
- 04/23 18:44 Osaka Expo Reaches 1 M. Visitors
- 04/23 18:32 Japan's Saito, China's No. 4 Confirm Importance of Free Trade
- 04/23 17:15 ADB Chief Kanda Urges Maintaining Policies amid Uncertainty
- 04/23 15:39 Japan Team Treats Chronic Kidney Disease with iPS Cells in Mice
- 04/23 13:57 Fuel Debris Collected Again at Fukushima N-Plant
- 04/23 13:45 Japan PM Ishiba Meets with Amazon Executive
- 04/23 13:22 Japan Begins to Take Bids in 3rd Auction of Stockpiled Rice
- 04/23 12:54 Ishiba to Visit Vietnam, Philippines Starting on Sunday
- 04/23 12:39 Japan Mulling Boosting Rice Imports for U.S. Tariff Talks
- 04/23 08:00 Japan Mulling Expanding U.S. LNG Imports for Tariff Talks
- 04/22 23:58 Komeito Leader Saito Makes 1st Visit to China
- 04/22 22:16 IMF Slashes 2025 Global Growth Forecast to 2.8 Pct
- 04/22 21:32 (Update) Japan Emperor, Empress Host Spring Garden Party
- 04/22 20:57 Sendai to Host U.N. Disaster Reduction Conference in 2027
- 04/22 19:02 TSE Proposes 10 B. Yen Market Cap for Growth Section
- 04/22 18:58 Japan Govt to Launch Program to Cut Down Gasoline Prices by 10 Yen
- 04/22 18:13 Tokyo Police Arrest 3 with Possible Links with Serial Robberies
- 04/22 18:06 Japan Reports 1st Tally of Acute Respiratory Infection Cases
- 04/22 17:55 (Update) New U.S. Envoy Glass Wants to Meet Japanese Abductees' Families
- 04/22 13:56 Japan's SDF Ends Disaster Relief Operations in Myanmar
- 04/22 13:33 70 Japanese Lawmakers Visit Yasukuni Shrine
- 04/22 12:50 PM Ishiba Meets with New U.S. Envoy to Japan Glass
- 04/22 11:28 Japan Police Eyeing Fictitious Accounts for Fraud Probes
- 04/21 22:19 China Executes Man for 2024 Fatal Stabbing of Japanese Boy
- 04/21 21:56 Pope Francis, Who Called for Nuke Abolition from Japan, Dies
- 04/21 21:18 Japan Panel Agrees on Need to Revise Retrial System
- 04/21 20:39 Rice Prices at Supermarkets Hit Another Record High
- 04/21 20:09 (Update) Court Orders Tokyo to Find Birth Parents of Man Switched as Newborn
- 04/21 19:16 Japan, Dutch Leaders Agree to Strengthen Cooperation
- 04/21 18:25 New Method Developed to Make Cultured Meat Thicker
- 04/21 17:27 No Decision to Resume Kickbacks by Abe Faction Execs: Seko
- 04/21 17:07 (Update) Trump Raps "Nontariff Cheating" before Japan-U.S. Talks
- 04/21 16:26 Court Orders Tokyo to Find Birth Parents of Man Switched as Newborn
- 04/21 16:17 Aichi Man Rearrested, Newly Charged with Murder
- 04/21 15:08 Japanese Mother Partially Acquitted over Abuse of Daughter
- 04/21 13:52 Japan PM Ishiba Vows Aid for Small Biz over U.S. Tariffs
- 04/21 13:40 Trump Raps "Nontariff Cheating" before Japan-U.S. Talks
- 04/21 11:53 (Update 2) Ishiba Makes Ritual Offering at Yasukuni Shrine
- 04/21 10:05 (Update) Ishiba Makes Ritual Offering at Yasukuni Shrine
- 04/21 09:21 Ishiba Makes Ritual Offering at Yasukuni Shrine
- 04/20 20:30 Japanese Retailers Trying to Overcome Soaring Rice Prices
- 04/20 15:54 No Concession over Food Safety in Japan-U.S. Talks: Ishiba
- 04/20 14:43 Politician Ishimaru's Party to Field 10 Upper House Candidates
- 04/20 11:11 L.A. Dodgers Star Ohtani, Wife Welcome 1st Child
- 04/20 00:10 Osaka Expo Faces Dual Task of Drawing Visitors, Managing Crowds
- 04/18 15:20 Japan Core Consumer Prices Up 2.7 Pct in FY 2024
