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© KYODOJapan's oil subsidy may be upped fivefold due to Ukraine crisis
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© KYODO
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Tom San
I guess I'll just have to drive slower now.
fxgai
Japan is stuck in the 1970’s. Free market neoliberal reforms would have seen these crazy big socialist government subsidies abolished decades ago.
WE are the ones who pay for these subsidies, not Putin or the Arab sheiks or Santa or the tooth fairy.
Nadrew
If only the government was able to get behind the electrification of vehicles? Would reduce the need for subsidies. And, reduce Japan’s dependence on fossil fuels.
PTownsend
I agree, I ride trains, buses, and also walk. But whenever and wherever I walk even 10 minutes to a train station, I breathe the toxic fumes of cars and trucks, and know I am at greater risk of paying a health price so Putin, MbS, MbZ, and the globe's other oil barons and their financiers can build more palaces, buy more luxury yachts and sports teams. And also buy more politicians so the barons can maintain their wealth and power, plus pass laws and regulations, making it easier for them to increase their wealth and power.
Kyo wa heiwa dayo ne
Give up your gasoline car , kill your television ,release yourself from the fb parasite and ride a bicycle or walk.
Enjoy the simple things in life.
kurisupisu
The politicians much like king Canute are fighting a losing battle.
kohakuebisu
Two opposite things needed here,
Short term is relief to ensure people can afford the energy they need in their daily lives, i.e., the government encouraging consumption. Its winter and we do not want old people to freeze in their homes.
Long term is drastically reducing Japan's the amount of energy needed and Japan's dependency on other parts of the world to provide it, i.e., drastically discouraging consumption. Do this with efficiencies like eco-homes and smaller cars and there is no lifestyle hit.
Udondashi
Let's send this bill to United States and NATO they were the ones who started this mess.
Moskollo
If you drive a Maserati or a gas guzzler you don’t need government support.
Sven Asai
Don’t even can afford a car, but have to pay your cheaper gasoline by taxes? Seems there are quite some more who prefer a ‘war’. But no, finally certainly all become even better friends now…
Kyo wa heiwa dayo ne
Oh there's a war going on what a perfect exuse to raise prices but try to say its cheaper and Japan is in control of the resource.
Not !
GenHXZ
"Free markets" .. Only for a certain few. But anyway, on it goes...
Eastman
money from taxpayers will go to right pockets...
JeffLee
Because this is cost push inflation (which can lead to stagflation) and the desired inflation is demand-led.
It's only "wonderful" when it makes billionaires and corporations more wealthy (and communists more powerful).
chinpo wo sasageyo
Alright, we are going to see USD over 120 JPY this year. Japan's GDP is going to sink below 5T USD again. The lost decade is now a lost quarter-century.
MarkX
Just cut the amount of tax that is levied on gasoline for a 3 month period. But you see, once you cut taxes it is much harder to raise them, so the government will go to any length to try and keep the taxes at the same level. Also with gas being so high, they are getting more tax revenue as we also pay consumption tax on top of the other taxes levied!
happyhere
Let me get this straight. The gov't doesn't like the inflation caused by high oil prices, so it will borrow (ie BOJ will print) the money to lower the price of oil.
What a clever idea. Lol.
dagon
The industry ministry launched the program late last month to prevent oil distributors and importers from passing on higher wholesale prices to consumers, as concerns over tighter supplies were growing globally even before Russia's invasion of Ukraine on Thursday.
Calling the pigs to the trough. So are the companies profits to remain static? Higher costs are immediately passed on to the customer or balanced by subsidies to the public but what if additional profits are made? Are those returned to the public? Or government?
Like with the pandemic subsidies, and bank bailouts, yet again privatized profits, socialized losses. The Ukraine conflict another example of disaster capitalism. These disasters and profiteering are coming so fast and furious nowadays I wonder when the public will be getting tired of it?
warispeace
Reading this article, two questions come to mind. One, why the need for a subsidy if so-called "free market" neoliberal capitalism, the ideology of deregulation and competition that dominates our world, is so wonderful? Two, why are there so many subsidies for life-killing fossil fuel and nuclear businesses and investments and so few for sustainable alternative energies?
sakurasuki
Why subsidy, Japan government already try to hard increase inflation. Finally now price is going up now.
https://abc17news.com/news/2021/12/17/inflation-a-worry-for-most-economies-but-not-japan/