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Japan Faces Economic Strain Amid Arab Oil Cutbacks
Government officials and business leaders warn Japan could suffer sharply from Arab oil production cuts and boycotts. Japan relies on oil for about 66 percent of electricity and 43 percent of its oil from Arab nations, with a 20 percent cut already in place.
MENTIONED IN THIS ARTICLE
Steve Wilson
Associated Press
Tokyo (Ap
Japan
United States
Kikuzo Koto
Keidanren
Koto
United
West Germany
Netherlands
Algiers
Iran
Indonesia
le Dealers Association