Japan considers release of oil reserves

Around 90 percent of Japan's oil import come from the Middle East. In the 1970s, Japan started building its own reserves.

Photo: Kyodo/REUTERS / X01481

Japan is considering an unprecedented release of state oil reserves in an attempt to quell prices, according to news agency Kyodo citing sources with knowledge of the government's considerations.

The news haven't been confirmed by the Japanese government.

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