In May, leading potato chip maker Calbee unveiled new grey packaging for 14 product lines, swapping its signature orange-and-yellow packets, with local media attributing the move to an ink shortage linked to the Iran war.
Takaichi said the government expects to secure a stable supply of oil until next spring.
She added that alternative supplies for naphtha, an oil byproduct used in a wide range of industries, from outside the Middle East have recovered to more than 80 per cent of previous levels.
Japan’s central bank hiked its inflation forecasts in April and cut its growth projections after the Iran war sent oil prices soaring.
Kihara said the supplementary budget would be covered by deficit-financing bonds.
However, total bond issuance will not rise, he added, as some debt authorised in the previous fiscal year will not be issued due to expected tax revenues, among other factors.
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