BOJ State Rate Hike Even US-Iran War Continous
Despite rising fuel prices due to the Iran war, a top central bank official said the Bank of Japan will hike interest rates if its economic estimates hold. We may raise interest rates if our economic and pricing estimates come true “Nakamura said future rises will depend on economic, price, and financial conditions. Oil-driven inflation…
Oil Soar High After Trump Speech
Thursday saw oil prices rise, U.S. government yields rise, and global share markets revert as President Donald Trump shattered hopes for a quick Middle East war settlement. Brent crude rose over 7% to $110 a barrel after Trump threatened to “bring them back to the Stone Ages” in a prime-time address on Wednesday. Stocks began…
Indonesia and Japan made energy security agreement
Japan’s Prime Minister Sanae Takaichi announced that Japan and Indonesia will increase energy security coordination amid the U.S.-Israeli conflict over Iran, which threatens key Asian oil and gas supplies. The Iran scenario highlights the worldwide recognition of the strategic importance of resources and energy security. Following negotiations in Tokyo, Takaichi and Indonesian President Prabowo Subianto…
Indian Offer Discount on Gold As Price Slip Further
Indian gold dealers offered discounts of up to $61 per ounce, down from $75 last week, over official domestic rates. The prices include 6% import duty and 3% sales tax.Gold spot prices fluctuated between $4,100 and $4,600 per ounce. A stronger dollar and rising predictions of aggressive U.S. monetary policy pushed prices to a four-month…
Japan Yen Drop Due To Middle East War
The U.S. dollar reached 160 yen for the first time since July 2024, when Japanese officials last intervened to stabilize the currency. The dollar rose 0.22% against the yen to 160.15 per dollar, which traders believe could lead to state intervention.The dollar index rose 0.17% to 100.4, marking its highest monthly gain in nearly a…
BOJ Ready To Raise Interest Rates if Inflation Under Control
The Bank of Japan is preparing for policy changes in April, indicating a potential interest rate hike under inflationary pressures from the weak yen and Middle East strife. Governor Kazuo Ueda indicated that the central bank was turning away from a cautious approach to raising borrowing costs due to economic uncertainties, despite maintaining unchanged rates…
Asian Countries Still Depend on Hormuz Trade
The International Energy Agency is releasing 400 million barrels of oil from strategic stockpiles to lower prices, as global oil futures reach over $100 per barrel. Japan is supplying 80 million barrels, second only to the United States, which will release 172 million barrels from its reserves. Asian countries significantly rely on trade through the…
War Continuous, Oil Rose Sharply
In a recent escalation, U.S. President Donald Trump threatened to “obliterate” Iran’s power plants if the Strait of Hormuz is not fully reopened within 48 hours. This comes despite his earlier statements about “winding down” the war, which has now entered its fourth week. Some believe Iran may cave, while Amrita Sen, founder of Energy…