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ECONOMY > Energy

Japan launches consultation service over higher crude oil prices

  • November 2, 2021
  • , Jiji Press , 4:05 p.m.
  • English Press

Tokyo, Nov. 2 (Jiji Press)–The Japanese government opened Tuesday consultation counters for people struggling with soaring crude oil prices, industry minister Koichi Hagiuda said.

 

The initiative is also intended to support financing efforts by small and midsize companies affected by higher crude oil prices, according to Hagiuda.

 

“We’ll make all-out efforts to prevent economic activities being hampered, including the management of small and midsize companies as well as small-scale enterprises,” Hagiuda told a news conference.

 

The consultation service will be available at outlets of Japan Finance Corp. and chambers of commerce across the country.

 

Also, the government-affiliated Japan Finance will ease requirements for its safety-net loan programs and allow more companies prone to be affected by higher crude oil prices to access its support.

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