Japan to Deploy $10 Billion to Help Southeast Asia Cope With Oil Shock

Japan is readying a $10-billion financial support package for Southeast Asian economies to help them procure crude oil amid the supply shock from the Middle East, Japanese news outlet NHK reports. Japan’s Prime Minister Sanae Takaichi is set to unveil the package on Wednesday at an online summit meeting of the Asia Zero Emission Community plus, or AZEC plus. This framework includes Japan and most of the ASEAN member states of the Southeast Asia alliance. The $10-billion package will be disbursed through the government-affiliated Japan Bank…