Japanese power utilities are stepping up efforts to cut thermal coal import costs by switching to lower quality grades and widening import sources, company officials said, as Tokyo looks to fight inflation and boost energy security.
The measures include burning more of cheaper low-to-mid-grade coal and seeking new suppliers in Africa and South America, they said, as the world’s No. 3 coal importer has sharply reduced imports from Russia, sanctioned for its invasion of Ukraine.
The disruption in Russian energy exports squeezed energy supplies globally and drove prices of coal and liquefied natural gas to record levels last year, hitting nations hard.
Japan income fund, JPMorgan Japan Small Cap Growth & Income (LONJSGI), targets Japan income without compromising on Japanese growth opportunities. This Japan income investing opportunity gives investors access to a diverse and fast growing sector managed by local managers.