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Market Chatter: Japan Sees No Immediate Need for Extra Budget Amid Middle East Conflict

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Japanese Prime Minister Sanae Takaichi has downplayed talks for an additional budget despite the continuing economic fallout from the Middle East conflict, Nikkei Asia reported Wednesday.

A supplementary budget for the current fiscal year may not be "immediately necessary as of today," the report cited Takaichi as saying.

The country could instead resort to reserve funds from the yearly budget if necessary, the report quoted Takaichi as saying.

Additional spending is not entirely off the table, with aides to the prime minister having discussions on financial support for households late in April with senior ministry officials, the report said

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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