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© Thomson Reuters 2024.Japan to boost jet fuel production and imports amid tourism boom
By Yuka Obayashi TOKYO©2025 GPlusMedia Inc.
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dagon
All of the benefits and virtuous cycles from the BOJ/LDP fiscal policies keep on redounding to the people of Japan.
More stress on the environment, higher costs for imports, free spending foreign tourists stimulating minimum wage work which Japan Inc. can't find enough bodies to fill.
Who is benefiting from the inbound tourist boom bonanza? There are some, a sliver of propertied business owners in high traffic/in demand areas and then there is just the upper echelons of the Japan Inc./LDP combine.
Yubaru
By the time this actually gets implemented I fear it will be too late and people will find somewhere else to go.
Prior planning prevents piss-poor performance, is not an idea that many if not most Japanese businesses or the government do very well at.
Ed
Excess (not normal volume) tourism is mainly due to the weak Yen, hence the needed increases in imports and fuel production needs.
The "attempts" by the BOJ to intervene are not working. Just look at the charts. Interventions are just a blip on the overall trend. Just trying to hold the dam back via the currency and not proper fiscal management won't work.
It's only benefiting the few, not the many.
sakurasuki
Japan just doesn't produce oil enough, need to import from somewhere else.
https://www.statista.com/statistics/761568/japan-crude-oil-import-by-country/
https://asia.nikkei.com/Business/Transportation/Japan-plans-for-more-tankers-imports-to-tackle-jet-fuel-shortage
Meiyouwenti
What’s happened to the Japanese government’s commitment to achieving zero carbon society?
Ricky Kaminski13
Unless the government gets busy showing the local population the benefits of the boom and makes massive efforts to divest funds and taxes taken from the industry into local projects it’ll go the same way.
If only the leadership class knew how to talk to their constituents. Make the case for their strategies and plans and brought people into them with some agency. It could be done too, but well you know…. why bother if you haven’t had to until now? Let them eat cake!
Big
None of these net zero policies solves anything. Net zero is a BS. Calm down.
TokyoLiving
Annnd???..
Everybody knows that..
WA4TKG
Next will be jacking up the Fuel Surcharge on your air ticket
NB
Jet fuel ruins the Earth.
kohakuebisu
We booked flights to Seoul the other day leaving on August 16, i.e., the Friday of Obon, and it was 30,000 yen each return. I'm sure it was cheaper in the past etc., but 30,000 return is not a lot of money and cheaper than the Shinkansen to some destinations. My previous impression of Obon was of ridiculously high prices making travel anywhere completely unaffordable. If Japanese (and residents of Japan) can go overseas during Obon for that sum, booked in mid July, it makes me wonder why outbound travel from Japan is still 30-40% below pre-Covid levels. It can't simply be just "high prices" and "the economy".
tora
Ramping up local production? They have none. Unless it is refining it locally. There is a big difference.
PTownsend
And often "just in time" is not the best business practice from a consumer's perspective.
lostrune2
60 million is half the indigenous population
john b
Japan plans to increase jet fuel production and imports to address a pick-up in demand from flights amid a boom in tourism, according to a draft government plan presented on Tuesday.The draft was presented by the industry and transport ministries to a panel of specialists discussing the fuel shortage issue.
john b
"Japan plans to increase jet fuel production and imports to address a pick-up in demand from flights amid a boom in tourism, according to a draft government plan presented on Tuesday."
"The draft was presented by the industry and transport ministries to a panel of specialists discussing the fuel shortage issue."
language like this might cause one to forget that this is a capitalist country.