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Japanese PM Takaichi says will allocate will compile extra budget of more than JPY 3tln; to provide JPY 500bln from reserves for subsidies to curb utilities and gas bills from July to September

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China says that it is ready to cooperate with Pakistan to restore Middle East instability

Pakistan insists that China should play the role as a guarantor in any US-Iran agreement, Al Arabiya reports

Japanese PM Takaichi says will allocate will compile extra budget of more than JPY 3tln; to provide JPY 500bln from reserves for subsidies to curb utilities and gas bills from July to September

Israeli PM Netanyahu will hold a security cabinet meeting tomorrow, Tasnim reports

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  • Budget will have no impact on bond markets as new debt will be offset by higher tax revenue and other factors.
  • Will not increase bond issuance on a calendar basis; will issue new deficit financing bonds.
  • Will raise ratio of nuclear and renewable energies from 30% to 70%.
  • Finance Minister will unveil details of energy saving measures on Tuesday.
  • Will establish a reserve fund for responding to the Middle East situation and other matters.
  • Will call for energy saving as usual, but we are not in a stage of further saving that would put the brakes on economic activities. 
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