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- Wednesday marks 15 years since the Great East Japan Earthquake and Tsunami. People across Japan are observing a moment of silence at 2:46 p.m., the exact time when the quake struck off the country’s northeastern coast. This triggered tsunami that swept across the region.
- East Japan Railway is raising its fares for the first time in nearly 40 years. Ticket prices will rise from Saturday by an average of 7.1 percent. This is JR East’s first across-the-board price hike since its founding in 1987, not including adjustments to keep up with the consumption tax.
- The International Energy Agency is reportedly proposing the largest release of crude oil reserves in its history to reduce energy prices. Oil prices surged earlier this week amid the hostilities in the Middle East. The Wall Street Journal says the IEA’s 32 member nations are expected to decide whether to approve the proposal on Wednesday.