Japanese PM Takaichi says to start releasing part of its oil reserves as early as on March 16; to release 15 days worth of private sector oil reserves and one month worth of state oil reserves
Importance
Level 1
- To release its oil reserves even before IEA's formal decision.
- She instructed the industry minister to introduce emergency measures to curb gasoline prices.
- To curb gasoline prices at JPY 170/litre on average.
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