{"id":528536,"date":"2026-03-09T09:28:14","date_gmt":"2026-03-09T09:28:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/528536\/"},"modified":"2026-03-09T09:28:14","modified_gmt":"2026-03-09T09:28:14","slug":"japan-prime-minister-takaichi-hard-to-say-how-middle-east-conflict-could-affect-economy","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/528536\/","title":{"rendered":"Japan prime minister Takaichi: Hard to say how Middle East conflict could affect economy"},"content":{"rendered":"<p>Hard to say how the conflict in the Middle East could affect Japan&#8217;s economyMany citizens are worried about rising gasoline pricesThe government is scrutinising to see what steps it can takeAny steps taken to mitigate the impact won&#8217;t likely involve changes to the fiscal year 2026 budget<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">In just a week, Japan has had to pay ~70% more dollars to secure the same amount of oil it needs to run the economy. And that really stings for a country that is ever so heavily reliant on energy imports.<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">Amid the surge in oil prices, Japan is one of the biggest losers tied to the conflict. The country risks running a further deficit and to think about subsidies to help, that will increase debt pressures even more. And that comes at a poor time amid heavy scrutinise on Tokyo&#8217;s finances under Takaichi&#8217;s premiership to begin with.<\/p>\n<p class=\"text-align-justify\" data-v-4026719d=\"\">Adding to that is also the disruption looks to throw a wrench in the BOJ&#8217;s plans to raise interest rates further. While inflation pressures might go up, it isn&#8217;t the kind that the central bank really wants right now. Policymakers are trying to steer clear from cost-push inflation and that is precisely what higher oil prices will bring next.<\/p>\n","protected":false},"excerpt":{"rendered":"Hard to say how the conflict in the Middle East could affect Japan&#8217;s economyMany citizens are worried about&hellip;\n","protected":false},"author":2,"featured_media":261652,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-528536","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/528536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=528536"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/528536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/261652"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=528536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=528536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=528536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}