According to The Asahi Shimbun, another eye-popping supplementary budget appears to be in the making after Prime Minister Fumio Kishida instructed his Cabinet ministers to compile a comprehensive economic policy package by the end of October.
Kishida on Sept. 26 outlined five pillars for the package, which comprises at least 20 specific policy areas. Ministries and ruling Liberal Democratic Party lawmakers will now likely present their lists of measures to fill those areas, even if there is no immediate need.
Steps to help mitigate the surging cost of gasoline and fuel are almost certain to be approved, given that so many households are struggling to make ends meet. But it is unclear what economic effects will arise from measures to deal with pollen issues that strike misery among millions of hay fever sufferers each spring.
LDP lawmakers were already talking about a supplementary budget in the range of 15 trillion yen (US$101 billion) to 20 trillion yen to pay for the economic policy package.
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