Japan Allots $2.7 Billion From Reserves to Ease US Tariff Hit
Japan's government approved a plan to draw ¥388 billion ($2.7 billion) from reserve funds to support businesses and households impacted by US tariffs, in an emergency measure aimed at easing the domestic repercussions of President Donald Trump's sweeping trade campaign.
The cabinet on Tuesday approved the outlay for the economic package, which includes ¥288 billion in utility bill subsidies and ¥100 billion to help regional businesses ride out rising costs, according to a government document laying out the plan.
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