How long has Japan secured stable crude oil supplies, and what measures enabled this extension?

Japan has secured stable crude oil supplies through the end of March 2028, extending its previous supply outlook by about one year. This stability was achieved through a combination of alternative crude imports — including U.S. imports expected to be more than 10 times the previous year's monthly average in July — and strategic releases from national oil stockpiles, which began on March 16 with the equivalent of about 50 days of domestic consumption.

What is the current status of Japan’s oil stockpiles as of June 8, and how are they distributed?

As of June 8, Japan held oil stockpiles equivalent to 201 days of oil consumption, according to the Ministry of Economy, Trade and Industry: 107 days in government reserves, 92 days in private stockpiles, and 3 days in joint reserves with oil-producing countries.

Japan Secures Stable Crude Supplies Through March 2028, PM Takaichi Says

Jun 11, 2026

Japan has secured stable crude oil supplies through March 2028 despite Middle East tensions, Prime Minister Takaichi announced. Stockpiles remain high at 201 days of consumption as the government urges G7 cooperation for safe sea lanes.

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Japan Secures Stable Crude Supplies Through March 2028, PM Takaichi Says

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