🚨 Urgent: Japan is preparing to open its emergency oil reserves for the first time in 50 years to prevent a complete economic collapse.
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Starting from March 16, the government will release reserves equivalent to 15 days of oil owned by the private sector, in addition to a government reserve sufficient for a full month.
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This is an unprecedented step aimed at ensuring the country continues to operate, amid the impact of the war with Iran which threatens nearly 95% of Japan's energy supply.