Japan to supply America with gasoline

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    Japan may soon be expanding its gasoline exports to America:

    Japan and the United States will set up a forum of public- and private-sector officials to promote Japan’s gasoline exports to the United States, it was learned Wednesday.

    The forum will hold its first meeting in San Francisco on Thursday, according to officials of the Japanese Ministry of Economy, Trade and Industry.

    The United States, which is faced with a chronic shortage of oil- refining capacities, imports gasoline from European and other countries.

    Meanwhile, Japan is looking to export gasoline since domestic demand is unlikely to grow markedly and the oil industry has excess refining capacities.

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