The rise in oil prices will put huge pressure on the Japanese economy.
On March 16, the Japanese government announced the release of oil reserves to alleviate the impact of international oil price fluctuations. The total amount released is approximately 80 million barrels, equivalent to about 45 days of Japan's domestic oil consumption, marking a historical high. Japanese scholars point out that Japan has a high degree of dependence on foreign energy sources, and small and medium-sized enterprises play an important role in the country's economy. If oil prices continue to rise, it will further increase the pressure on the operations of small and medium-sized enterprises, and Japan's industrial structure will be affected.
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