Japan Pays Record Price for LNG Imports in April as Yen Weakens
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Japan paid a record for liquefied natural gas in April as a government pledge to boost monetary stimulus weakened the nation’s currency, increasing the price of imports of the fuel.
The world’s largest buyer of LNG paid 82,477 yen ($816) a metric ton for the fuel last month, according to Bloomberg calculations based on Finance Ministry data released yesterday. That’s higher than the previous record of 81,089 yen in September 2008 and a 2.8 percent increase from March.