Japan not to use oil stocks despite soaring prices minister

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Japan not to use oil stocks despite soaring prices minister

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Japan not to use oil stocks despite soaring prices minister

TOKYO mbt billiger, Aug. 26 (Xinhuanet) -- The soaring world oil prices will not press Japan to use its oil stockpiles www.yslnederland.com, Japan's Economy Canada Goose jakker, Trade and Industry Minister Shoichi Nakagawa said Friday. "We are not facing a critical situation that would require us to tap reserves or lower oil tariffs," Kyodo News quoted Nakagawa as saying. In New York discount moncler sale, crude oil futures prices logged to a new record high of 68.00 dollars a barrel on Wednesday. And in Japan, the world's second largest economy www.uggbootsgenuine.co.uk, the average retail price of regular gasoline surged to 129 yen per liter on Tuesday WOMENS JEANS, a 12-yearhigh. Although crude oil prices are at record highs, countries such as Japan and the United States can still afford to buy oil Mens Timberland Roll Top, Nakagawa said. Nakagawa said that he sees some adverse effects of soaring oil prices on small Japanese businesses such as tire makers ugg bailey boots, and that developing countries without resources and funds to purchase sufficient oil will suffer most from rising oil prices. Enditemabout：

Shelia818 09.12.2011 0 195

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Japan not to use oil stocks despite soaring prices minister