An additional budget of $423 million received by Japan industry for reinforcing resource policy

45.9bn yen have been secured by the industry ministry of Japan which is equivalent to $423M in the country’s additional budget for the existing financial year as it looks for ways of strengthening its resource policy, as well as, securing supplies of major commodities.

The initiative came as resource-poor Japan goes through a rising risk of supply trouble. It purchases 90 percent of its oil supply from the Middle East where the....