[Japan] Japan offers $10 billion in support to help Asia secure oil

As of April 15, 2026, Prime Minister Takaichi Sanae held the Asia Zero-Emission Community meeting, which was attended by leaders of Asian countries. [1] The Prime Minister announced the launch of a new cooperation framework entitled “Partnership on Wide Energy and Resource Resilience (POWERR Asia)”, for emergency and structural responses with mid-to-long term perspectives. The framework prioritizes cooperation in emergency responses through financing procurement of crude oil, petroleum products, and maintaining supply chains in Asia. It addresses structural responses such as establishing stockpiling and release systems as well as the construction of storage tanks to expand the number of crude oil reserves within the region. Additionally, the framework aims to make it feasible to secure critical minerals, diversify energy resources like biofuels, and promote industrial advancement through energy-saving initiatives. The $10 billion financial framework aims to support the stability of Asian countries and insulates Japan from some effects of the ongoing conflict in Iran, particularly through the procurement of medical supplies from Asia to Japan.

[1] https://japan.kantei.go.jp/105/diplomatic/202604/15azec.html