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 to roll out gasoline subsidies amid record-high prices
The national average retail prices of gasoline have exceeded ¥190 per liter.
The Japan TimesJapan 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
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 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 TimesJapan 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 TimesJapan 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 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 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
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