Japan Has to Be More Cautious About Economic Impact of Mideast Conflict -- Market Talk
Dow Jones
Mar 13
0223 GMT - Japan, including the Bank of Japan, will likely need to be more cautious about the economic consequences of the Middle East conflict, DBS Group Research's Chang Wei Liang says in commentary. The foreign-exchange and credit strategist cites the country's heavy reliance on the Middle East for crude oil imports, with around 70% of its imports transiting through the Strait of Hormuz. "The good news is that Japan has a comfortable 250 days' worth of strategic oil reserves, and has already announced plans to release 15 days' worth of private-sector oil reserves and one month's worth of state oil reserves," he adds. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 12, 2026 22:23 ET (02:23 GMT)
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