{"id":649489,"date":"2026-05-04T18:03:13","date_gmt":"2026-05-04T18:03:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/649489\/"},"modified":"2026-05-04T18:03:13","modified_gmt":"2026-05-04T18:03:13","slug":"australia-and-japan-enter-new-deal-to-counteract-global-shocks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/649489\/","title":{"rendered":"Australia and Japan enter new deal to counteract global shocks"},"content":{"rendered":"<p>Australia and Japan have agreed to strengthen economic, energy and defence ties to withstand the shocks of the war in the Middle East.<\/p>\n<p>Prime Minister Anthony Albanese and Japanese counterpart \ufeffTakaichi Sanae marked 50 years of &#8220;friendship&#8221; today with the signing of the new Joint Declaration on Economic Security and Cooperation.<\/p>\n<p>The agreement will build &#8220;trusted&#8221; fuel, energy, critical minerals, food and technology supply chains with the major trading partner.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/https:\/\/prod.static9.net.au\/fs\/1e061bf8-64d5-4746-b464-1734ae27e751.png\"   alt=\"\"\/>Australia and Japan have agreed to strengthen economic, energy and defence ties to withstand the shocks of the war in the Middle East. (Alex Ellinghausen)<\/p>\n<p>\ufeff&#8221;Our Joint Statement on Energy Security reaffirms our commitment to navigate the current energy crisis together and maintain open trade flows of essential energy goods, including liquid fuels and gas,&#8221; Albanese said at a press conference with Sanae this afternoon.<\/p>\n<p>&#8220;For Australians, it will mean we are less vulnerable to global shocks, like we are seeing right now because of conflict in the Middle East.<\/p>\n<p>&#8220;It will mean more security for farmers when they are planting their crop, and more certainty for commuters when they are filling up their car.&#8221;<\/p>\n<p>It comes as Australia looks to shore up more fuel shipments from its allies after supply chain disruptions caused by the war in Iran. \ufeff<\/p>\n<p>Australia \ufeffgets the majority of its refined fuel from Asian markets, which get their oil from the Middle East.<\/p>\n<p>Albanese travelled to Malaysia and Singapore last month to secure more fuel and has now turned his sights on Japan.<\/p>\n<p>While Australia gets some of its fuel supply from Japan, Japan receives about 40 per cent of its liquified natural gas from Australia. \ufeff<\/p>\n<p>Australia and Japan also signed agreements on critical minerals, defence and an open Indo-Pacific region.<\/p>\n<p>Both countries have instructed their relevant ministers to find ways to strengthen their partnership. \ufeff<\/p>\n<p>&#8220;Our friendship has never been closer, and in these uncertain times, friendships matter more than ever,&#8221; Albanese said.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/05\/https:\/\/prod.static9.net.au\/fs\/a4e8787e-710b-4677-97a1-93f0d00412d4.jpeg\"   alt=\"Prime Minister of Japan Sanae Takaichi and Prime Minister Anthony Albanese.\"\/>Prime Minister of Japan Sanae Takaichi and Prime Minister Anthony Albanese. (Alex Ellinghausen)<\/p>\n<p>Sanae, through a translator, said the meeting with Albanese was &#8220;highly productive&#8221; and would affirm their countries&#8217; relationship for the next 50 years.<\/p>\n<p>&#8220;The two countries have built a relationship as frontrunners in cooperation among like-minded countries by advancing pioneering security cooperation at a level that could be described as quasi allies,&#8221; she said. \ufeff<\/p>\n<p>Sanae admitted the closure of the Strait of Hormuz had created regional issues, but said the pair will work closely to strengthen their resilience.<\/p>\n<p>&#8220;We affirmed that Japan and Australia will closely communicate with each other in responding with a sense of urgency,&#8221; she said.<\/p>\n<p>Japan is \ufeffAustralia&#8217;s third-largest two-way trading partner and second-largest export market.<\/p>\n<p>Under a $10 billion deal signed in April, Japan will deliver three upgraded Mogami-class frigates for the Royal Australian Navy in 2029\ufeff.<\/p>\n<p>NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"Australia and Japan have agreed to strengthen economic, energy and defence ties to withstand the shocks of the&hellip;\n","protected":false},"author":2,"featured_media":649490,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-649489","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/649489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=649489"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/649489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/649490"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=649489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=649489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=649489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}