Japan's Minister of Finance: Undergoing the largest postwar budget reform, will prepare a supplementary budget if necessary

(1) Japanese Finance Minister Katayama Satsuki stated that the country is currently undergoing the largest budget reform since the end of World War II, and referred to it as the government's commitment. (2) A few days ago, Japan passed a supplementary budget bill of 3.1 trillion yen (approximately 19.4 billion US dollars), which includes a reserve fund of 2.5 trillion yen aimed at addressing inflation driven by the Middle East conflict. (3) Although Prime Minister Sanae Takaichi previously indicated an intention to avoid relying on supplementary budgets as much as possible, Katayama stated that, if necessary, the government would prepare a supplementary budget to respond to unexpected situations.