Foreign Media: Japan announces a $10 billion financial framework, through institutions such as the Japan Bank for International Cooperation (JBIC) and Nippon Export Insurance (NEXI), to assist Asian countries in procuring energy resources and increasing oil reserves in response to rising oil prices and supply chain disruptions caused by escalating tensions in the Middle East.
Japanese Prime Minister Sanae Haga stated that this support is equivalent to 1.2 billion barrels of oil—approximately the annual crude oil imports of ASEAN—aimed at preventing cascading economic impacts on Japan due to supply chain volatility, while also helping Southeast Asian nations diversify their energy sources and develop oil storage facilities.
Original Source: toutiao.com/article/1862553448785923/
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