Even as Japan dips into its vast reserves of oil, the closure of the Strait of Hormuz is fueling concerns about higher prices for everything from gas at the pump to plastic toys sold in ¥100 shops.
https://www.japantimes.co.jp/news/2026/04/05/japan/society/oil-what-happens-next/?utm_medium=Social&utm_source=mastodon #japan #society #oil #iran #us #energy #japaneseeconomy
Gasoline, diapers and drinks: Japan faces wide-ranging impact amid concern over oil
The government has assured the public that the supply of crude oil is sufficient for now, but efforts to curb consumption could be needed if the situation doesn't improve.
The Japan TimesA former Bank of Japan chief economist expects the central bank to raise interest rates as soon as this month as a result of increased upside risks for inflation due to the war in Iran.
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Former BOJ chief economist sees likelihood of April rate hike
Toshitaka Sekine, now an economics professor at Hitotsubashi University, thinks there are more upside risks for inflation.
The Japan TimesJapan's manufacturers showed greater confidence for a fourth straight quarter even as the Middle East crisis erupted, an outcome that supports the Bank of Japan's policy stance of continuing to raise interest rates.
https://www.japantimes.co.jp/business/2026/04/01/boj-tankan-survey/?utm_medium=Social&utm_source=mastodon #business #boj #japaneseeconomy #economicindicators #manufacturing #iran #surveys #inflation
Japan’s manufacturer mood improves, supporting BOJ’s rate stance
The business sentiment index advanced in March to 17 from a revised 16 in the previous quarter, the BOJ's Tankan business survey showed Wednesday.
The Japan Times
Japan's February Unemployment Rate Falls to 2.6%, Below Expectations
Japan's unemployment rate drops to 2.6% in February, coming in lower than market forecasts and signaling continued labor market strength
Yonhap Infomax
Tokyo CPI cools to slowest in two years as food cost gains ease
Consumer prices excluding fresh food rose 1.7% in the capital from a year earlier in March, marking the smallest increase since April 2024.
The Japan Times
BOJ summary displays hawkish tilt with debate on size of hike
One member hinted at the possibility of a bigger rate hike than those recently undertaken due to the Middle East conflict.
The Japan Times
BOJ Governor - 'Exchange Rate Fluctuations Have Significant Impact on Japanese Economy and Prices…Closely Monitoring'
Bank of Japan Governor emphasizes close monitoring of exchange rate volatility's substantial effects on economic conditions and inflation outlook during parliamentary testimony
Yonhap Infomax
Iran war exposes the global economy’s vulnerability
Oil is the Achilles heel of the global economy. Skyrocketing gasoline prices get considerable attention with good reason, but their real impact is more extensive than imagined.
The Japan Times
Japan’s ‘singles tax’ is just one battle after another
The plan has attracted vitriol due to its name and the fact that it burdens single-person households, which are now the most common type of household in Japan.
The Japan Times
Shadow raises pitched as option for cash-strapped Japanese companies
Benefits, discounts and freebies can increase compensation without triggering a big tax hit for employees and employers.
The Japan Times