Japanese PM Takaichi says won't rule out using FY25 reserve funds for fuel and the existing fund has JPY 280bln remaining, adds no additional budget for fuel subsidies now and will use existing fund for fuel price measures

Japanese PM Takaichi says won't rule out using FY25 reserve funds for fuel and the existing fund has JPY 280bln remaining, adds no additional budget for fuel subsidies now and will use existing fund for fuel price measures.

Japanese PM Takaichi's comments signal a willingness to utilize existing reserve funds to address fuel prices, indicating a proactive approach in managing energy costs. This move is particularly relevant as it reflects the government's stance on energy subsidies amid rising commodity prices, which could support demand for oil and metals. Traders should watch how this action influences market sentiment and potential price movements across energy and related sectors.