Japan's Government Funds Contingency Reserve for Middle East Risks
Budget includes ¥2.5 trillion contingency reserve to address Middle East risks.
Officials allocated ¥510 billion to replenish electricity and gas subsidy fund to 1 trillion yen.
100 billion yen in grants sought for regional municipalities to assist liquefied petroleum gas users.
Budget may pass by Friday in legislature dominated by Liberal Democratic Party.
Funding via deficit-covering bonds, with no increase in total bond issuance due to higher tax revenues.
10 hours ago