(EnergyAsia, September 19) — Japan’s economy minister Shoichi Nakagawa dismissed talk that Japan will tap its domestic strategic petroleum reserve (SPR) to damp domestic fuel prices amid surging global crude prices. Kyodo news agency quoted Mr Nakagawa as saying that Japan is “not in a panic.” He also rejected suggestions that the government look…
JAPAN: Tokyo will not tap reserves to damp domestic fuel prices
Posted on September 19, 2005 by EnergyAsia