The Japanese government plans to modify the supplementary budget proposal for this fiscal year, raising it to about 3 trillion yen, in response to instability in the Middle East. Prime Minister Takashi Takaichi will explain on May 25 the future measures, which include this adjustment and the outlook on crude oil supply, seeking to secure energy resources for the country.
Energy technology: towards less dependence on crude oil ⚡
Japan is promoting energy efficiency technologies and alternative sources, such as nuclear power and renewables, to reduce its vulnerability to external crises. The development of hydrogen storage systems and solid-state batteries is advancing in laboratories, while distribution networks are being optimized to manage demand peaks. These projects aim to reduce the need to import crude oil, although their large-scale implementation still requires years of investment and technical testing.
Oil and the calculator: 3 trillion yen of precaution 🛢️
The Japanese government, seeing crude oil prices dancing to the rhythm of conflicts, has decided that its calculator needs a break and raises the budget to 3 trillion yen. While Takaichi prepares his May 25 speech, one imagines officials buying oil barrels as if they were tickets to a rock concert: urgently and hoping they don't run out. At least, if things get ugly, they will have plenty of yen to pay the bill.