Japanese parties pressure PM Takaichi on Hormuz energy crisis
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- Takayuki Kobayashi met PM Sanae Takaichi on April 24, delivering proposals that include dispatching minesweepers after the Hormuz conflict ends and measures to curb fuel price spikes.
- Sanae Takaichi announced the government secured oil supplies for May covering roughly 60 % of Japan’s May 2025 usage and ordered to exceed this level in June.
- CRA called for an early supplemental budget, while a Nikkei panel of economists urged conservation and a phased‑out of gasoline subsidies, reflecting a split between supply‑side fixes and fiscal relief.
- Kanbee warned that relying on fiscal stimulus could repeat the 1970s oil‑shock mistakes, urging caution on consumer aid.
Why it matters: Japanese households will feel higher gasoline prices as the government secured oil covering roughly 60 % of May 2025 usage and aims to exceed this in June, while a supplemental budget reallocates funds, shrinking fiscal space for other programs.
