Prime Minister Takaichi emphasized that this decision is part of the second phase of activities aimed at ensuring the stability of raw material supplies. As she explained, the government plans to start releasing reserves in early May to guarantee the country's energy security. At the same time, she emphasized that Japan is focusing on finding alternative sources of oil imports.
The head of government also instructed the ministers to quickly solve problems with the availability of scarce products on the domestic market, such as heating oil for agriculture, diesel oil for transport and paint thinners. Economy Minister Ryosei Akazawa assured that the country had secured appropriate amounts of fuel and would resolve any logistical difficulties on an ongoing basis.
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The importance of oil imports for Japan
Japan is one of the most import-dependent countries in the world for oil. Nearly 95 percent raw material used comes from the Middle East. Currently, ship traffic in the Strait of Hormuz, a key shipping route, has been almost completely suspended as a result of Iran's retaliatory actions following the airstrikes carried out by the US and Israel on February 28.
Therefore, the government in Tokyo decided in mid-March to release both state and private oil reserves, which together correspond to 45 days of domestic consumption. Japan's total reserves are currently estimated at 254 days.
Government actions in the face of the crisis. Japan focused on 'rapid response'
The authorities in Tokyo emphasize that the actions taken are aimed at ensuring continuity of supplies and stability of the fuel market in the country. Prime Minister Sanae Takaichi noted that Japan is focusing on diversifying import sources and quickly responding to possible market shortages. Minister Akazawa added that the government will monitor the situation and take further steps if necessary.
The decision to release the reserves is a response to growing tensions in the Middle East and the related threats to Japan's energy security. The government assures that the country is prepared for various scenarios and will continue to take actions to protect the economic interests and security of citizens.
- JPY/PLN rate April 7, 2026
