Japan Announces $10 Billion Aid Package to Address Asian Energy Crisis

Kathmandu. Japan has announced a $10 billion financial aid package to support Asian nations facing a fuel crisis. This move follows global energy supply disruptions caused by the conflict involving the US, Israel, and Iran.Japanese Prime Minister Sanae Takaichi unveiled the new cooperation framework following a virtual meeting with Asian leaders on Wednesday. She emphasized the deep interdependence among Asian nations through supply chains. The plan aims to ensure the supply of crude oil and petroleum products, increase storage capacity, and strengthen supply systems. Countries within ASEAN, particularly the Philippines, Malaysia, Singapore, Thailand, and Vietnam, are expected to benefit. Leaders from...