Refined Products
Japan creates an emergency economic package to ease the tariff pain
Shigeru Ishiba, Japan's prime minister, said on Friday that the government had compiled a package of emergency economic measures to mitigate any impact the new tariffs imposed by the United States on the Japanese economy and household. A government document revealed that the package included support for corporate finance as well as subsidies for lower gasoline prices of 10 yen per litre ($0.07) and partial coverage for electricity bills for three month starting in July. A broader range of companies will be eligible to receive low-interest loans from government-backed banks. Ishiba told a meeting of the tariff task force that...