Industry minister Ryosei Akazawa has been appointed critical-materials czar in response to conflict in the Middle East and is tasked with reviewing the supply situation and devising policy solutions. https://www.japantimes.co.jp/business/2026/03/31/akazawa-critical-supply/?utm_medium=Social&utm_source=mastodon #business #oil #iran #energy #sanaetakaichi #medicine #ryoseiakazawa
Akazawa appointed critical-materials czar in response to conflict in the Middle East

Prime Minister Sanae Takaichi said the industry minister is tasked with reviewing the supply situation and developing policy responses.

The Japan Times
Japan is rolling out subsidies for fuel products to keep gasoline prices — which have risen to record highs due to the war in Iran — capped at around ¥170 per liter. https://www.japantimes.co.jp/business/2026/03/18/economy/high-gasoline-prices/?utm_medium=Social&utm_source=mastodon #business #economy #energy #oil #iran #middleeast #japan #ryoseiakazawa
Japan to roll out gasoline subsidies amid record-high prices

The national average retail prices of gasoline have exceeded ¥190 per liter.

The Japan Times
Japan and the United States agreed to launch a framework in which the two countries will quickly work together to prevent disruptions to critical mineral supplies, industry minister Ryosei Akazawa said. https://www.japantimes.co.jp/business/2026/03/16/economy/us-mineral-supply-chain/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #meti #dougburgum #rareearths #energy #economicsecurity
Japan and U.S. to work together to prevent critical mineral disruptions

The two countries will work to prevent supply disruptions for critical minerals resulting from possible export restrictions by resource-producing countries.

The Japan Times
Industry minister Ryosei Akazawa has called on countries and regions in Asia to diversify energy supply sources amid rising Middle East tensions. https://www.japantimes.co.jp/business/2026/03/15/akazawa-energy-supply-sources/?utm_medium=Social&utm_source=mastodon #business #ryoseiakazawa #energy #meti #ryoseiakazawa #straitofhormuz #iran #oil #lng
Akazawa implores Asian partners to diversify energy suppliers

The industry minister said that the region depends on imports for more than 80% of its energy compounding the damage caused by the conflict between U.S.-Israeli forces and Iran.

The Japan Times
Japan's industry minister Ryosei Akazawa on Saturday asked Australia, Japan's biggest supplier of liquefied natural gas, to boost output in light of the Middle East crisis. https://www.japantimes.co.jp/business/2026/03/14/australia-lng-boost/?utm_medium=Social&utm_source=mastodon #business #australia #australiajapanrelations #lng #energy #middleeast #iran #meti #ryoseiakazawa
Japan industry ministry asks Australia to boost LNG output amid Iran crisis

Japan relies on the Middle East for around 11% of its LNG imports, with 6% shipped via the Strait of Hormuz.

The Japan Times
Japan will sell oil from its national reserves at prices based on levels before the start of the Middle East war, according to the country’s trade minister. https://www.japantimes.co.jp/business/2026/03/13/markets/oil-sell-price-iran/?utm_medium=Social&utm_source=mastodon #business #markets #ryoseiakazawa #iran #oil #energy
Japan to sell oil from national reserves at pre-Iran war prices

The government “expects refiners that purchase crude at low prices won’t then sell their products at higher prices and pocket the profit.”

The Japan Times
Japan may release oil from its stockpiles for the first time since 2022, either in coordination with other countries or on its own, as the Strait of Hormuz remains effectively shut and the oil market is on edge. https://www.japantimes.co.jp/business/2026/03/11/markets/japan-oil-intervention/?utm_medium=Social&utm_source=mastodon #business #markets #oil #iran #israel #us #energy #japaneseeconomy #ryoseiakazawa
Japan ready to join coordinated intervention in oil markets

Concerns have intensified as crude oil tankers bound for Japan ceased navigating the Strait of Hormuz 10 days ago because the war made the passage too dangerous.

The Japan Times
Japan has sought assurances it will not be treated less favorably under new U.S. tariffs as trade minister Ryosei Akazawa met with his U.S. counterpart on Friday. https://www.japantimes.co.jp/business/2026/03/07/economy/japan-us-trade-chiefs-talk/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations
Japan asks U.S. not to treat it unfavorably under new tariffs

Trade minister Ryosei Akazawa sought assurances from his U.S. counterpart that the latest U.S. tariffs would not disadvantage Japan.

The Japan Times
Akazawa is heading to the U.S. to discuss more projects under Japan’s $550 billion pledge and to ensure that Japan is not worse off under new tariffs. https://www.japantimes.co.jp/business/2026/03/04/economy/akazawa-trip-12/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations
Akazawa heading to U.S. to discuss more projects under $550 billion pledge

Three projects have already been agreed upon and others could be concluded soon.

The Japan Times
Despite the U.S. Supreme Court finding President Donald Trump's reciprocal tariffs unconstitutional, Japan is expected to maintain its $550 billion investment and loan pledge to the U.S.› https://www.japantimes.co.jp/news/2026/02/22/japan/politics/trump-japan-keep-investment-pledge/?utm_medium=Social&utm_source=mastodon #japan #politics #us #usjapanrelations #donaldtrump #japaneseeconomy #investments #tariffs #ryoseiakazawa
Japan to keep investment pledge to U.S. after tariff ruling

Some Japanese companies have sued the U.S. government over the tariffs, seeking a refund.

The Japan Times