Japan Allocates $6.3 Billion to Mitigate U.S. Tariff Impact

Facing the challenge of rising U.S. tariffs, Japan has allocated a substantial budget of $6.3 billion to mitigate their effects on businesses and consumers. This emergency relief package, announced by Prime Minister Shigeru Ishiba, aims to alleviate burdens imposed by these trade barriers. The fund will be deployed through various initiatives like reducing utility costs and expanding low-interest loans for small businesses. Japan’s government is prioritizing protecting its export-dependent economy while maintaining diplomatic relations with the United States.