[BeauBo]

Japan potentially faces an even bigger economic shock from energy prices than Europe this year.

They have (relatively) the least domestic energy natural resources of any major economy.

I don't think that setting price controls on Russian crude oil exports will likely be effective, but it might be to some extent if enough buyers join in to a cartel, and are able to stick to it. Maybe just talking about it will help them negotiate some of the discount that China and India get.

[Jeff Chandler]

Japan already had a significant energy import bill as it depends on foreign oil and gas for 90 percent of its needs.

My goodness, did they learn nothing from WWII?

[353FMG]

Don’t the Land of the Rising Sun believe in solar panels for their energy supply?

[FLT-bird]

Japan really needs to operate nuclear power plants. There are newer and better designs than the one at Fukushima.

[Sam Gamgee]

Japan also has one of the worst inverted demographic pyramids among Western nations. The fact they are shrinking will help trim that oil demand in the long term.