On July 3, the Abe Cabinet approved a new national energy plan after receiving the final draft from the Ministry of Economy, Trade and Industry. The plan is significant as it sets forth the government's approach to energy policy for the future and is considered one of the key documents indicating the government's direction with respect to national energy supply and energy markets. It is closely watched by the corporate and civil sectors alike both at home and abroad.

The government is required by law to re-evaluate and issue a strategic energy plan at least every three years and, while it is not a binding legal instrument, it has become a de facto policy tool that has been followed by the various government agencies and departments in each of its iterations. It also serves as a market signaler and seeks to provide long-term certainty to energy market participants and allay any fears of a sudden policy shift.

Future energy mix