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Japan's government will release strategic oil reserves this week.
Investing.com – Japanese Prime Minister Sanae Takaichi announced on Tuesday that the government will begin releasing strategic petroleum reserves this week to address rising fuel prices caused by conflicts in the Middle East.
The Prime Minister stated that Japan has implemented subsidy measures and released some private reserves to cope with the increase in fuel prices.
Sanae Takaichi previously indicated that Japan would take this action, but only now has a specific timetable been clarified.
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