BoJ’s Masu warns Iran war energy shock could hit Japan harder than 1973 oil crisis
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Thursday that the impact of Iran war-driven energy shock on Japan’s economy may be more severe than 1973 oil crisis, risk requires attention.
The warning from the BoJ may lead to increased volatility in the forex market, particularly for the Japanese Yen, as investors reassess Japan's economic stability. Oil prices could rise due to heightened geopolitical tensions, impacting related assets.
Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Thursday that the impact of Iran war-driven energy shock on Japan’s economy may be more severe than 1973 oil crisis, risk requires attention.
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