Japanese economic experts: U.S. military action could lead to a 3% decrease in Japanese GDP.
Due to the influence of the United States and Israel's military actions against Iran, international energy prices are soaring. This is causing significant difficulties for Japan, which is highly dependent on energy imports. According to a report from Japan's NHK television station, on Monday of this week, crude oil prices in Japan's commodity markets have reached a new high in the past 13 months. The Japanese media also cited analysis from several Japanese economic experts in another report, stating that if this war develops into a prolonged conflict and the Strait of Hormuz remains impassable for an extended period, it will have a significant impact on many industries in Japan, including agriculture and fisheries, as costs such as electricity and gas prices will increase significantly. Japan's GDP may even decrease by three percentage points, becoming a "life-or-death issue" for Japan. These experts also point out that the series of measures promised by Japanese Prime Minister Sanae Takaichi in the early elections held in Japan to address high prices may be ineffective in the face of this situation caused by the United States.
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