Are Taiwan and Japan Ready for an Oil Crisis?
An oil crisis could prove devastating for Taiwan and Japan’s economies. With no immediate end in sight for war in the Middle East, energy security concerns loom large: around 90% of Japan’s oil travels through the Strait of Hormuz and Taiwan’s last nuclear reactor powered down in 2025. As manufacturing sectors - including Taiwan’s vital semiconductor industry - struggle with transition to renewable alternative energies, what plans do Taiwan and Japan have in place? Our expert guests unpack why Taiwan and Japan are both so vulnerable to energy shocks, why the crisis will be brutal for Taiwan’s many SMEs, and explain why this is a wake-up call for heavy oil importers to take charge of their energy security. Host: Divya Gopalan Featuring: Niven Huang (managing director, KPMG Sustainability Consulting) and Eiichiro Adachi (fellow, The Japan Research Institute)
