Conjectural Reactions and Deregulation in the Japanese Oil Industry
نویسندگان
چکیده
There have been several recent studies of the Japanese oil industry, but they have all focused on the impact of the abolition of the Tokusekiho, the Provisional Law relating to the Importation of Specified Petroleum Products, that restricted the importation of specified petroleum products to limited number of companies. The Tokusekiho, was abolished at the end of March 1996. However, despite this liberalization, total imports of specified petroleum products, gasoline, diesel oil and kerosene, have been very small relative to the total production of these products in Japan. This paper casts doubt on the positive evaluation of the abolition of Tokusekiho that the media has often suggested.
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