Key Points
G7 convened October 2 video call on diesel crisis with France setting it last-minute.
Japan sent deputy Endo instead of PM Takaichi to present oil policy.
G7 agreed to release 100 million barrels over four months to combat soaring diesel prices.
Trump attended with camera off; Britain's PM and EU Council president also absent.
Prime Minister Sanae Takaichi did not attend a G7 video conference on October 2 focused on soaring diesel prices and coordinated oil reserve releases, according to Chief Cabinet Secretary Kihara Toshimi on October 5. France, the G7 chair, set the meeting on short notice that day. Japan sent Endo Kazuya, a Foreign Ministry deputy, to represent Tokyo. The G7 announced plans to release 100 million barrels over four months to combat diesel shortages.
Why the meeting was called and what was decided
The G7 convened the October 2 video call as diesel prices surged globally due to wars in Russia and the Middle East reducing refining capacity. The group decided to coordinate emergency releases of 100 million barrels of oil over the next four months, with diesel prioritized to help curb soaring costs. Kihara said the meeting occurred because European reserve releases were delayed while diesel prices became an international crisis.
Who attended and who stayed away
France’s President Emmanuel Macron, Germany’s, Italy’s, and Canada’s leaders participated. Trump appeared with his camera off, showing only his name on screen. Britain’s PM and the EU Council president were also absent. Japan sent deputy Endo instead of Takaichi. Endo presented Japan’s oil reserve release policy during the call.
Japan’s role and Takaichi’s response
Kihara confirmed that deputy representation is permitted in G7 talks and that Endo communicated Japan’s policies on oil reserve releases. Takaichi posted on X on October 5 that the meeting focused on diesel prices in Europe and the West. She noted that other leaders, including Britain’s PM and the EU Council president, also did not attend in person. She committed Japan to continuing support for global economic and energy security.
Global oil coordination and Europe’s reserves
The International Energy Agency coordinates major emergency oil releases through its Paris headquarters. The European Commission sets reserve rules but national governments control actual stocks. In March 2026, European countries released 107.5 million barrels as part of a 400-million-barrel IEA emergency action after US-Israeli military operations disrupted global markets. Exactly how much diesel versus crude oil the G7 will release in the coming months remains unclear.
Final Thoughts
Takaichi’s absence from the October 2 G7 call was unusual but permitted under G7 rules allowing deputy attendance. Japan’s participation through Endo ensured Tokyo’s voice on oil policy reached world leaders as diesel prices remain elevated globally.
FAQs
France set the video call on short notice that day, and Kihara said deputy representation is allowed in G7 talks. Takaichi was conducting official business and stayed at the prime minister’s residence.
The G7 announced 100 million barrels will be released over the next four months, with diesel frontloaded to address soaring prices.
Foreign Ministry deputy Endo Kazuya, known as a sherpa, attended on Japan’s behalf and presented Tokyo’s oil reserve release policies.
Yes. Britain’s PM and the EU Council president were absent. US President Trump attended but appeared with his camera off.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
About Author

Huzaifa Zahoor
Co FounderHuzaifa Zahoor is the engineer who built Meyka. He has spent years writing Python, training AI models, and building data pipelines specifically for financial markets. His technical articles have reached over 30,000 readers on Medium, so he knows how to make complex things easy to follow. If this article touches on how the tools work, he is the person who actually built them.
What brings you to Meyka?
Pick what interests you most and we will get you started.
I'm here to read news
Find more articles like this one
I'm here to research stocks
Ask Meyka Analyst about any stock
I'm here to track my Portfolio
Get daily updates and alerts (coming March 2026)