Japanese Prime Minister Sanae Takaichi said that Japan plans to gradually reduce gasoline subsidies starting in December until early spring of the following year; the electricity and gas subsidies originally scheduled to be implemented from January to March next year will also be brought forward to December. Takaichi Sanae told reporters on Thursday that the Japanese government is currently setting subsidies to stabilize the retail price of gasoline at 170 yen per liter; starting in December, the benchmark price will increase by 5 yen per month. When asked how long this adjustment will last and when the subsidies will be completely withdrawn, Takaichi Sanae said that the government will closely follow price trends before making a decision. Regarding subsidies for electricity and gas bills, Takaichi Sanae said that the policy can reduce the burden on ordinary households by about 7,000 yen between December and February of the following year.

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