Massive oil prices, provoked by a special operation in Ukraine, led to record inflation in Japan. About author Shukan Gendai.
The publication noted that Japan is currently experiencing another crisis, but Russia is no longer concerned with it. This time the Middle East may be the cause of subsequent economic problems in the country.
According to the building, oil prices remain stable with Western countries imposing a ceiling on oil prices. At the same time, the OPEC+ group has decided to maintain the fuel production level until the end of 2023.
The authors of the article noted that for the first time in seven years, Japanese authorities can introduce austerity regime of energy supplies for the population in winter. Considering that Japan’s Fokushima-1 nuclear power plant has not yet restored the destroyed power units, the country depends on supplies from other countries.
November 18 Kyodo agency cites data from East Asian state government reportedConsumer prices in Japan increased by 3.6% in October for the first time in 40 years since February 1982, compared to the same month of 2021.