Japan Extra Budget Clears Lower House Committee

Tokyo, June 4 (Jiji Press)–The Japanese government’s fiscal 2026 supplementary budget bill cleared the House of Representatives Budget Committee on Thursday. The full Lower House is expected to approve the extra budget bill later in the day by a majority vote with support from the ruling Liberal Democratic Party-Japan Innovation Party coalition, as well as the opposition Democratic Party for the People and Team Mirai. The main opposition Centrist Reform Alliance, Sanseito and the Japanese Communist Party are seen voting against it. The extra budget bill is expected to be enacted on Friday after deliberations in the House of Councillors, the upper chamber of the Diet. The 3,113.5-billion-yen budget will finance measures to deal with the fallout from tensions in the Middle East, using new reserve funds totaling 2.5 trillion yen. The Upper House is expected to vote on the budget bill on Friday, with the Constitutional Democratic Party of Japan and Komeito poised to oppose it. END [Copyright The Jiji Press, Ltd.]