Economic Security
Japan's Takaichi pledges deeper ties with Vietnam on energy and minerals
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Japanese Prime Minister Sanae Takaichi pledged on Saturday to deepen ties with Vietnam, focusing on energy and critical minerals in talks with Prime Minister Le Minh Hung. The leaders discussed advancing their Comprehensive Strategic Partnership established in 2023. Takaichi later urged Southeast Asian nations to strengthen regional supply chains.
South Korean officials warned of increased LNG price volatility after Qatar reportedly declared force majeure on its long-term supply contract with the country, though supply impacts will be limited. Deputy Minister Yang Ghi-wuk said shipments from Qatar have already been excluded from this year's supply calculations, ensuring sufficiency. A Cheong Wa Dae official confirmed stable supplies from non-Middle Eastern routes.
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Japan and Canada plan to establish an economic security dialogue to strengthen supply chains for critical minerals and energy resources. The summit between Prime Minister Sanae Takaichi and Prime Minister Mark Carney will focus on China's dominance in key materials. The talks, set for Friday night in Tokyo, aim to expand cooperation between the two countries.