Updated

Updated · The Japan Times · May 17

Japan Opposition to Grill Takaichi Over Delayed Extra Budget as Inflation and Oil Prices Rise

Updated

Updated · The Japan Times · May 17

Japan Opposition to Grill Takaichi Over Delayed Extra Budget as Inflation and Oil Prices Rise

2 articles · Updated · The Japan Times · May 17

Wednesday's party leaders' debate will put Prime Minister Sanae Takaichi under pressure over delaying an extra budget despite rising oil prices and broader inflation.
Takaichi had argued in Diet deliberations that a supplementary budget was not immediately necessary, even as the Middle East conflict added to price pressures.
After the government began considering an extra budget, opposition lawmakers called the shift unsurprising but too late for households already hit by renewed inflation.
Democratic Party for the People leader Yuichiro Tamaki said many people are struggling and that he plans to press that point directly with Takaichi in the debate.

Is Takaichi's government prioritizing a historic military buildup over the economic survival of its citizens facing soaring inflation?

Trapped by the oil shock, can Japan's central bank fight crippling inflation without plunging the nation into stagflation?

Has the Iran War's oil shock shattered Takaichi's promise of fiscal discipline, forcing a return to old spending habits?