VOL. XXXII

NO. 35

5-JUNE-1989

GENERAL

Japan's Crude Oil Imports Rise 6.6% in FY1988 Preliminary figures publishedby the Ministry of International Trade and Industry (MITI) show that Japanesecrude oil imports in FY1988 (April 1988-March 1989) totaled 3.442mn b/d,compared to 3.229mn b/d in FY1987, or an increase of 6.6%. (Table 1). This rise,which follows three successive years of decline, was attributed to a sustainedexpansion of economic activity, led by domestic demand. Japan's dependence onOPEC...