March 31, 2022
On March 31, 2022, the Ministry of Economy, Trade and Industry (METI) held the Task Force on Strategic Goods and Energy Supply Chains, where they compiled “the Emergency Measures in Response to the Situation in Ukraine.”
METI launched the Task Force on Strategic Goods and Energy Supply Chains on March 18, 2022, in light of the globalization of supply chains, the spread of COVID-19, and changes to the international situation such as unilateral changes to the status quo by force violating international law, to eliminate vulnerabilities in strategic goods and energy supplies—essential to Japan's survival, people's lives, the economy, and industries—and to obtain and secure superiority in choke point technologies in the global supply chain.
The first Task Force meeting was held on March 31 (Thu.), where they compiled “the Emergency Measures in Response to the Situation in Ukraine.” This document is a compilation of measures elaborated by analysis on goods with a broad influence on socio-economic activities such as semiconductors and energy (i.e., oil, coal, and natural gas), as well as goods that are highly dependent on Ukraine or Russia, and accordingly identification of strategic goods for which swift measures are necessary to secure stable supplies.
Towards realizing these indispensable measures in response to the current circumstances, METI will subsequently implement the compiled measures beginning with those that can be conducted first, and continue analyzing supply chains in light of the current situation as well as the mid- to long-term outlook.
Division in Charge
Office of Economic Security Policy, Minister's Secretariat