CryptoWorld News reports that, according to Kyodo News, the Japanese government is considering drafting an additional budget to ease the burden on households facing rising fuel costs. This move will put further pressure on the country's already tight fiscal situation. Sources say that the additional budget for this fiscal year will be used to support families who may be affected by rising gasoline prices and utility bills during the summer heat. Following the report, the yields on 30-year and 40-year Japanese government bonds increased, as investors anticipated that the government would increase bond issuance to raise the funds needed for the additional budget. Japanese Prime Minister Sanae Sato had previously downplayed the possibility of drafting an additional budget multiple times, believing that the government’s existing funds are sufficient to cover current fuel subsidies.

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