Sanae Takaichi explains absence from G7 online meeting, stating that Japan currently has no new reserve release plan
智通财经2026/10/06 05:06Japanese Prime Minister Sanae Takaichi defended her absence from the online meeting of the Group of Seven (G7) and responded via social media to critics questioning why she did not attend despite what appeared to be a free schedule. She posted, "This meeting was arranged at short notice by the rotating chair France, and it was permissible to send a representative. To my knowledge, UK Prime Minister Burnham did not personally attend but sent a delegate instead; European Council President Costa was also absent." According to local media reports, Takaichi was at her official residence during the meeting and did not meet with anyone. She wrote, "Although the meeting ultimately decided to coordinate the release of 100 million barrels of oil reserves, Japan had already been releasing reserves beforehand and currently has no plans for new measures." Takaichi added that Vice Minister of Foreign Affairs Kazuya Endo attended the meeting on her behalf.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
British banking sector meets with Chancellor to oppose further tax increases
UK Chancellor of the Exchequer John Healey has informed the country’s largest banks that the government is facing a “difficult fiscal situation”, but did not provide clear guidance on whether the upcoming budget, set to be released later this month, will increase the tax burden on banks. According to informed sources, executives from several major UK banks used a meeting with Healey on Tuesday morning to once again present their arguments against further tax increases on the banking industry. This is likely to be their final meeting with Healey before the budget announcement. Senior executives from Barclays, HSBC, Lloyds Banking Group, NatWest Group, Nationwide, and Santander were among those in attendance. Sources indicated that these bank executives believe increasing the tax burden on the sector would damage the government’s policy goal of boosting economic growth, while further widening the gap between London and competing financial centers such as New York.
Japan plans follow-up measures to reduce dependence on Middle Eastern energy
The CEO of Japan Oil, Gas and Metals National Corporation (JOGMEC) stated that Japan is planning to take follow-up measures to reduce its dependence on energy from the Middle East. Currently, over 90% of Japan's crude oil imports come from the Middle East, making the country's energy supply stability highly susceptible to geopolitical fluctuations. This move is considered in response to the practical need to ensure Japan's energy security.
Wells Fargo raises Meta Platforms target price to $1,000
Wells Fargo raised the target price for Meta Platforms (META.US) from $796 to $1,000.
Wells Fargo lowers Delta Air Lines target price to $100
Wells Fargo has lowered the target price for Delta Air Lines (DAL.US) from $105 to $100.