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. Last Updated: 07/27/2016

Japan Protects Coals

TOKYO -- A move to restrict foreign steel shipments has been squelched in the U.S. Senate. But Japan continues to protect its domestic coal mining industry from cheaper imports.

Japanese utility companies must buy coal from the two remaining mines in the nation, although the coal produced there - at about 15,000 yen ($120) a ton - costs three times the imports, the Trade Ministry said Thursday.

That policy started in 1992, when Japan still had six coal mines, and will continue until March 2002.