Posted on 05/08/2022 8:53:26 PM PDT by FarCenter
During an online meeting of the leaders of the Group of Seven countries earlier, Kishida had announced that Japan will ban Russian crude oil imports "in principle" as part of a G-7 campaign.
"[For Japan] oil imports contribute to a long-term, inexpensive and stable energy supply," Kishida told reporters. "We will take steps to phase out imports in a way that minimizes the adverse impact on people's lives and business activities."
"We will consider how to reduce oil imports and the timing of the suspension based on actual conditions," he added.
Regarding alternative energy, the prime minister said that "we will proceed with the restart of nuclear power plants while placing the highest priority on safety."
He stressed there would be no change in the policy on Sakhalin-1 and Sakhalin-2, in which the Japanese government and Japanese companies hold stakes.
(Excerpt) Read more at asia.nikkei.com ...
Japan cannot necessarily follow the NATO trend of snubbing anything Russian related. Japan is a rather small country and has learned the hard way not to rely on other governments for most of your protection or needed fuels. Germany may be about to learn the same thing.
“Rather?”
With oil at $110/barrel, discounted Russian oil despite EU “embargos” will find a market. The Russians will continue to take in huge amounts of hard currency to buttress their economy despite the sanctions. In fact they will also make a fortune on grain exports over the next three years.
[With oil at $110/barrel, discounted Russian oil despite EU “embargos” will find a market. The Russians will continue to take in huge amounts of hard currency to buttress their economy despite the sanctions. In fact they will also make a fortune on grain exports over the next three years.]
Well, compared to the total size of continental United States and other first world countries, Japan is (rather) small, geographically. Their 20th Century influence makes a giant out of them, as with France in the 19th Century.
A wise move on Japan’s part… things change and the “atmosphere” will be different in the future. Never make PANICKED financial moves.
Japan may be “a rather small country” but it IS the 3rd largest GDP on the planet They have the wealth, and in particular the wealth per capita, to make some choices, although not necessarily many of them quickly...
It is almost humorous to see countries like Lithuania and Bulgaria having made better energy supply choices over the last several years than countries like Japan and Germany.
What I’m actually more interested in with regard to THIS article is the restart of nuclear power plants. The Japanese seem to be saying this is feasible, the Germans and some US experts say it is not. ???
What I’m actually more interested in with regard to THIS article is the restart of nuclear power plants. The Japanese seem to be saying this is feasible, the Germans and some US experts say it is not. ???
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Each mothballed nuclear plant is a different situation that has to be carefully looked into before restarting it. Over 30 years operation the pipes, valves, electronic controls get brittle due to radiation/ When all these were hot and making electricity say 7 years ago. All these limitations were known and were compensated for.
After a 7 year cool off period how will brittle pipes and valves handle new hot water temperatures and more radiation? The big question.
I’d like to think the Japanese would have better picture of their reactors condition the Germans or US.
“What I’m actually more interested in with regard to THIS article is the restart of nuclear power plants.”
Me too. This is one of the first POSITIVE developments that I’ve seen out of the West. The others are Germany finally deciding to listen to Trump on military spending, and Japan also planning to double their military spending.
If the West doesn’t wasn’t want to be slaves to China and/or Russia in the near future, they’ll have to STEP UP to the new game in town and tell Greta, the Greens, and their anti-military types to shove it.
How do you do a stress test on the pipes and plumbing in a nuclear reactor that has been mothballed for a few years? 7 years? 10 Years.
Pipes and plumbing that have gone brittle from a few decades of radiation.
Japan should get together with Russia and invade China.... : )
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