VOL. XXXIII

NO. 37

18-JUNE-1990

Supply/Demand

MITI's Long-Term Energy Plan Boosts Nuclear Power at the Expense of Oil

The latest long-term energy supply/demand projections prepared by Japan'sMinistry of International Trade and Industry (MITI) seem to be based on threemain objectives: a major conservation drive; a massive increase in nuclear powergeneration; and a reduction in dependence on oil.

As regards conservation, the MITI scenario envisages a striking improvementin energy/GNP elasticity from...