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Japan’s next energy strategy may have to focus on pricing — not just supply
Japan has already learned that simply having enough electricity-generation capacity does not necessarily protect consumers from high prices. In May, the Japanese government said the country was expected to have sufficient electricity supply for the 2026 summer peak, with no nationwide conservation request planned. However, the projected reserve margin for the Tokyo area was only 3.5% during the first half of August — close to the government's minimum buffer of 3%. That illustrates the broader
