High gasoline prices may dent Japan’s demand recovery after pandemic restrictions end
Japan’s domestic gasoline demand is expected to rise after the government lifted COVID-19-led movement restrictions in all 18 prefectures March 21, but surging retail prices are a worry and could dent some of that growth, market sources said March 23. The country’s new COVID-19 cases slumped 81% from a peak on Feb. 5 to 20,231 March 22, according to Japanese…