Japan energy crises and the importance of having a Plan B

PM Takaichi could learn from tough political choices during 1970s oil crunch Japanese Prime Minister Kakuei Tanaka meets with U.S. Secretary of State Henry Kissinger. (Photo acquired by Nikkei) TOKYO — As Japan faces its worst energy crisis since the 1970s due to the Iran war, a look back at how it weathered the last storm — on the shoulders of a headstrong prime minister and finance minister and with a solid Plan B in hand — could offer some lessons.

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