More on Japan's oil reserves - "to be released if needed"

I posted earlier on comments from Japan's Minister of Economy, Trade and Industry Isshu Sugawara

• Japan will consider a release of oil reserves if necessary

Adding a little more:

• Japan will consider releasing reserves in coordination with the International Energy Agency and other countries
• If needed
• METI is assessing the potential impact on stable oil supply to Japan

Background:

• Japan has petroleum reserves for more than 230 days of its consumption
• Japan imported an average of 1.11m barrels per day of crude in January-July from Saudi Arabia
• This equates to around 36% of Japan's total oil imports