Tanigaki says Japan able to withstand oil impact

Japanese Finance Minister Sadakazu Tanigaki, who was re-appointed on Monday 27 September in a reshuffle, has expressed confidence that Japan's economic recovery will not be impacted much by surging global oil prices.

"In this respect, I think Japan is among the best in the world" in staving off damage from high energy costs, Tanigaki said.

However, Japan must "carefully monitor" a gap that could grow between the oil producers and consumers in developing countries and its impact on the global an