Demand for Oil Products in Japan to Go Down Annually 1.4% in Next 5 Years

摘要

The Ministry of Economy, Trade and Industry (METI) recently unveiled its demand estimates for oil products, based on which it will set Japan’s oil stockpiling goals in the coming five years, which is required by the Oil Stockpiling Act. The METI has adopted economic outlook released by the Cabinet Office and think tanks as premises for the estimates.