Energy Buyers Warn of Weak Yen Threat – Japan Times

Japan’s energy importers are warning that the tumbling yen is exacerbating a surge in fuel costs, and may weigh on their bottom line and boost prices for consumers.

While oil prices have slipped from the highs seen earlier from Russia’s war in Ukraine, the sharp weakening in the yen is likely to keep upward pressure on imported fuel costs.

Read the full report: The Japan Times

READ MORE:

Japanese Yen Caught in Downward Spiral – Nikkei Asia

Japan, US to Keep Close Watch on FX as Yen Hits 6-Year Low

Bank of Japan to Move to Second Phase of Digital Yen Project

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

You Might also Like

Mayors of Big Global Cities Calling for Urban Climate Finance

Trade War Heating Up: China Hits Back After Biden Boosts Tariffs

Wall St ‘Steered Billions Into Blacklisted China Firms’ – Nikkei

China Orders Apple to Cut WhatsApp, Threads from App Store