As Middle East tensions raise oil prices and disrupt supply, Japan plans to establish a $10 billion financial framework. This aid will help Asian countries secure energy resources and bolster their stockpiles.

Japan has said it will establish a financial framework worth about US$10 billion to help Asian countries procure energy resources and bolster their stockpiles ‌as Middle East tensions drive prices higher and disrupt supply chains. The support, aimed at preventing knock-on effects on Japan’s own supply chains, would be channelled mainly through state-backed financial institutions such as Japan Bank for International Cooperation and Nippon Export and Investment Insurance. Announcing the plan on...