The Takagi Cabinet faces a dilemma between energy "restrictions" or "unrestricted use"
According to a report from Jiji Press on April 4, amid concerns over the prolonged military conflict between the U.S., Israel, and Iran, the Japanese government stated it is seriously considering whether to urge businesses and citizens to conserve electricity and petroleum products. The final decision will be based on future energy supply conditions and their impact on Japan's economy. This information was disclosed by several officials from the Takagi Cabinet on March 3.
On March 3, Minister of Economy, Trade and Industry Ryo Masuda said in a press briefing: “We hope to consider all policy options without causing significant harm to the national economy.”
A senior government official noted: “Japan has a high awareness of energy conservation, and if called upon, the public would respond swiftly.” However, he added: “We still have oil reserves, and we won’t consider such measures until after the May Day Golden Week.”
During the first oil crisis in 1973, the Japanese government urged people to “not drive on Sundays, observe low-speed driving on highways, and reduce late-night television programming,” referring to this campaign as the “Oil Conservation Movement.”
Prime Minister Sanae Takagi did not deny the possibility of implementing energy-saving policies during a plenary session of the House of Representatives on February 2. She stated: “We will respond flexibly and leave no possibilities unconsidered.” “Currently, there are no issues with oil and electricity supplies.”
In response to the sharp rise in crude oil prices triggered by deteriorating Middle East tensions, the Takagi Cabinet has taken consumer protection measures, including releasing oil reserves and expanding subsidies.
However, President Trump of the United States has yet to present a concrete plan for reopening the Strait of Hormuz, while Iran has effectively blocked this critical shipping route. The international community generally believes that calming the situation in the short term will be extremely difficult.
Within the Liberal Democratic Party, there is growing skepticism: “How long will this situation last? Why cancel subsidies instead of encouraging usage (of electricity, gasoline, etc.)?”
Even within the government, voices have emerged saying: “It’s contradictory to simultaneously encourage consumption through subsidies while claiming we’ll work hard to ensure stable supply of essential materials.”
If energy-saving measures are enforced, it could further burden Japan’s economy. One official in the Takagi Cabinet pointed out: “Imposing restrictions on economic activities while still having oil reserves would cause enormous losses.”
Original article: toutiao.com/article/1861519778410570/
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