Japan Keeps Gasoline Subsidies Amid Crude Oil Price Uncertainty

The Japanese government has decided to maintain gasoline subsidies despite concerns about the country's fiscal condition. The move aims to keep prices stable at around 170 yen or $1.06 per liter.

Prime Minister Sanae Takaichi ordered officials to prepare funding from reserve funds to continue the subsidy program, which is set to use around 80% of its allocated budget by the end of July.

The government's decision comes amid uncertainty in crude oil prices due to the Middle East conflict. Japan relies heavily on energy imports from the region and has limited domestic resources.

Takaichi said the government will continue to monitor the situation and consider flexible support measures, including stopping subsidies if necessary.