Japan Cabinet OKs 18 trillion yen extra budget draft under PM's fiscal push

Contributing sentiments towards policy:

57% : Supported by higher income tax revenue on the back of recent wage hikes, the government's receipts for this fiscal year are expected to be 2.88 trillion yen above the initial estimate.
47% : Earlier Friday, meanwhile, parliament enacted a law to end the provisional gasoline tax surcharge at the end of this year, believing the reduction will push energy prices down, possibly easing household burdens and cutting transport and other industry costs.
39% : The government has yet to determine how to offset the resulting loss of revenue, including from the planned abolition of a similar diesel tax in April, estimated to reduce annual tax income for the central and local governments by about 1.5 trillion yen.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.