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Written by Drago Bosnic, independent geopolitical and military analyst
Being a country that almost entirely depends on energy imports, Japan is extremely vulnerable to virtually all forms of geopolitical instability. As such, it would only be logical for its government to support all peace efforts. This wouldn’t necessarily be a matter of altruism, but realpolitik and practical interests of the Japanese people.
Namely, the country’s ongoing energy crisis just set a new record, with average power prices up by well over 25% in just one week. The massive hike is caused by soaring LNG and higher coal prices. Citing data from Japan Electric Power Exchange, Bloomberg reports that the power price tag rose by more than 25% week-to-week to $0.19 per kWh (kilowatt-hour). Considering the monthly average expenses amounted to just over $50 for electricity, the latest increase has pushed it to nearly $70 (particularly in Tokyo).
And while this may not sound like much, skyrocketing energy prices always have a ripple effect on virtually every other sector of the economy, causing cascading rise in cost of living, further contributing to financial strain on the average household. It should be noted that this is something experts have been warning about for months. Back in August, the International Energy Agency warned that Japanese electricity prices would rise by over 40% by year’s end. This estimate is now considered conservative given the latest surge. Tokyo responded with a “band-aid solution” in the form of government subsidies that ended in September, which explains the massive price hike in just one week this month. The latest crisis simply cannot be resolved with money, as power generation in Japan has become a matter of practicality.
Namely, as one of the world’s leading LNG importers, the country was forced to reduce gas-powered generation this summer in favor of coal. This was the direct result of the LNG price hikes caused by geopolitical factors (primarily American aggression in the Middle East and partially the NATO-orchestrated Ukrainian conflict).
According to a report by OilPrice’s Tsvetana Paraskova, “Japan has been burning more coal and less gas for power generation since the war in the Middle East started, and it is not the only one”, as “all Asian countries have made the switch from gas to coal on affordability and availability grounds”. Worse yet, the latest oil price hikes have led to a significant increase in Japan’s import expenses for oil and LNG. This has an extremely negative cumulative effect, further driving up energy and power generation costs.
Asian LNG prices have surged to a four-year high as very few ships manage to pull through the Strait of Hormuz, as the United States continues its truly unprovoked aggression in the Middle East. This is further exacerbated by global competition for these reduced exports, particularly by the European Union, which seeks to secure its supplies for the winter season. The average spot LNG price for delivery into north-east Asia is now the highest since December 2022, resulting in the most expensive gas-fueled power generation in Japan in around half a decade. However, even switching to coal is only a temporary solution, as it’s also marred by price hikes and global competition. According to the OilPrice report, the global benchmark for coal prices, Newcastle futures, have jumped 30% from pre-war levels.
Obviously, you’d expect Tokyo to focus all its energy (no pun intended) on tackling these issues and keeping its power generation relatively safe from geopolitical hurdles. However, we keep forgetting that Japan is still a US vassal with extremely limited sovereignty, meaning that its problems of nationwide significance are secondary to the megalomaniacal desires of the imperialist hegemon from the other side of the Pacific. Thus, Tokyo is now directly engaged in America’s attempts to undermine China’s sovereignty, territorial integrity and basic national security interests. Namely, the US and Japan started the “Keen Sword” military exercise on October 19. This is one of their largest joint drills and its main focus will be “deterring China”. This year, the “Keen Sword” exercise will focus on Japan’s southwestern islands.
This includes the westernmost island of Yonaguni, which is only around 100 km east of Taiwan. Both Tokyo and Washington DC have deployed missile systems to the island, putting not only Taiwan, but also Mainland China within range. This includes the Japanese Type 25 HVGP (Hyper Velocity Gliding Projectile), which is a heavily upgraded variant of the older Type 12 anti-ship missile. Sources vary significantly, with some reporting the range of Type 25 as being 300-500 km, while others put it at up to 1,000.
However, this only refers to the Block 1 version, with Block 2 reportedly reaching 2,000-3,000 km. Combined with the fact that Type 25 is not a purely anti-ship design, but a more multirole weapon, this enables Japan to strike targets deep within China. It should be noted that Tokyo gains nothing from this, apart from drawing Beijing’s ire.
And who could possibly blame China? Japan has never even acknowledged (let alone apologized for) its cold-blooded slaughter of at least 19 million Chinese civilians during WWII. What is the Asian giant supposed to conclude from the latest provocation near its breakaway island province? Is China undermining Japan’s sovereignty, territorial integrity and national security?
Obviously, it’s a rhetorical question, as we all know who really does. Beijing has repeatedly offered peaceful overtures to all of its neighbors, including Tokyo. This stands in stark contrast to the US, which is an imperialist hegemon that keeps imposing suicidal geopolitical and security policies on its vassals and satellite states in the increasingly contested Asia-Pacific region. Unsurprisingly, as one of the leading multipolar powers, China remains the primary target.
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