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Japan to lobby Saudi, UAE, and other oil nations to boost supply

Kishida instructs whole-of-government approach as international prices soar

Gasoline prices have jumped to seven-year highs in Japan.   © Reuters

TOKYO -- Japan will urge petroleum-producing nations to raise output and ease the soaring global oil prices that have hurt both corporate earnings and household budgets.

The plan to lobby oil producers, in collaboration with the International Energy Agency, is based on directives by Prime Minister Fumio Kishida. Tokyo also looks to offer state support for affected industries, as officials from relevant ministries met Monday to discuss ways to address the oil price rally.

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