VOL. XXXII

NO. 29

24-APRIL-1989

DEMAND FORECASTS

MITI Sees 2.3% Annual Growth in Japanese Oil Demand Over Next Five Years

Instead of its earlier predictions of steadily dwindling oil demand, Japan'sMinistry of International Trade and Industry (MITI) is now forecasting ahealthy growth in Japanese product consumption, with annual increases of some2.3% over the next five years. Moreover it believes that in fiscal 1989(beginning 1 April) consumption will rise by 4.3% to 211,584,000 kiloliters...