Japan will release hundreds of thousands of kiloliters of crude oil from its emergency reserves, industry minister Koichi Hagiuda said on Wednesday, as the country seeks to address rising prices in tandem with the United States and other major energy-consuming countries.Hagiuda told reporters the timing of the release is still "under consideration," adding, "We will be in step with the United States and other nations concerned.""The stability of oil prices is important in realizing an economic recovery," the minister said during his visit to the city of Kumamoto in southwestern Japan.The Mi…READ FULL ARTICLE
