• Bloomberg


The trade ministry plans to boost spending on energy resources in the year starting next April after prices rose and competition increased from countries with booming economies, including China and India.

The ministry’s Natural Resources Agency is seeking an 11 percent rise in its budget to ¥18.97 billion to secure supplies of oil, natural gas and uranium, it said in a statement Friday. The agency also requested a 19 percent increase in funds to promote cuts in greenhouse gas emissions.

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