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Reuters reported that Japan is focusing on coal-powered energy as the yen is making oil and LNG cost-prohibitive.
Reuters reported that Japan is focusing on coal-powered energy as the yen is making oil and LNG cost-prohibitive.
As quoted in the market report:
New Prime Minister Shinzo Abe’s policies aimed at raising exports have weakened the yen, making energy imports priced in dollars more expensive. At the same time, the nuclear industry enters a third year of near total shutdown, meaning Japan needs the lowest cost option to cap a trade deficit.