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Sign InThe Japanese government is evaluating an additional release of strategic oil reserves to secure 20 days of consumption, part of an IEA-led effort to mitigate risks in the Strait of Hormuz. Prime Minister Sanae Takaichi is set to unveil a $10 billion support package this Wednesday during an online summit of the Asia Zero Emission Community plus (AZEC plus). This financial aid will be disbursed through the government-affiliated Japan Bank for International Cooperation (JBIC) to assist Asian nations during the oil crisis. Simultaneously, South Korea has secured 273 million barrels of crude via alternative routes, sufficient to sustain its economy for over 3 months. With Japan relying on the Middle East for 95% of its oil, these proactive steps and financial commitments are vital for regional stability. Analysts suggest that such measures significantly bolster Asian energy resilience against potential disruptions in vital shipping lanes.