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Japan's Minister of Economy, Trade and Industry Akazawa Ryomasa: Crude oil is expected to be purchased in August equivalent to about 100% of the same period in previous years, and “the amount required by Japan as a whole” has been secured. Even after that, according to conservative estimates, only maintaining the procurement level of 75% in the same period in previous years, by using national reserves, it will be enough to guarantee oil supply until the end of March 2028.

Zhitongcaijing·08/02/2026 06:57:01
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Japan's Minister of Economy, Trade and Industry Akazawa Ryomasa: Crude oil is expected to be purchased in August equivalent to about 100% of the same period in previous years, and “the amount required by Japan as a whole” has been secured. Even after that, according to conservative estimates, only maintaining the procurement level of 75% in the same period in previous years, by using national reserves, it will be enough to guarantee oil supply until the end of March 2028.