Elevated Oil Prices Push Japan’s Imports to an All-Time High

Japan’s import bill reached an all-time high in July, driven by higher oil prices, to a total of $76.39 billion. This was up by 27.8% from July 2025, Reuters reported, citing import and export data. In volume terms, Japan’s crude oil imports ticked up by 5.5% from a year earlier, but in price terms, the oil bill surged by 87.8%, breaking the previous record, set in June. “The recovery in crude…