IEA still examining details of coordinated oil release -Japan industry minister

TOKYO : The International Energy Agency is still examining details of a planned second round of the coordinated release of oil reserves, Japanese industry minister Koichi Hagiuda said on Tuesday.

Japan aims to make a decision on its release plan swiftly after receiving official notification from the IEA to make the cooperative action effective, Hagiuda told a news conference. U.S.-allied countries on Friday agreed to their second coordinated oil release in a month to calm markets roiled by Russia's invasion of Ukraine, the IEA said, without specifying volume, but adding details will be made public early this week.

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Japan finance minister: Must look out most for sharp forex movementTOKYO : Japan must look out the most for any sharp movement in the foreign exchange market, Minister of Finance Shunichi Suzuki said on Tuesday, stressing the importance of currency stability.'We will closely watch movement in the foreign exchange market and its impact on Japan's economy,' Suzuki told rep
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