The Japanese government may use its oil reserves. This is because the situation in Iran is bad. The government worries that oil supply may be difficult. Japan may release oil alone for the first time.
In response to the deteriorating situation in Iran, the Japanese government is considering releasing its national oil reserves. This action is contemplated due to concerns about a potential long-term disruption in the supply of Middle Eastern crude oil, which accounts for over 90% of Japan's imports. A solo release by Japan would be the first since the system was established in 1978.
Amidst escalating tensions in Iran, the Japanese government is deliberating the release of its national petroleum reserves to mitigate potential protracted disruptions to crude oil imports, of which over 90% originate from the Middle East. Should Japan proceed unilaterally, it would mark the inaugural invocation of the national reserves mechanism since its inception in 1978, underscoring the gravity of the perceived supply-side vulnerabilities.