Energy crisis slams Japan as weak yen sends import costs surging

The Straits Times LogoThe Straits Times1 mo ago

Energy crisis slams Japan as weak yen sends import costs surging

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July 05, 2022 8:59 AM - TOKYO (BLOOMBERG) - The slump in the Japanese yen, the war in Ukraine and a heatwave in Tokyo are pushing the world's third-biggest economy toward a full-blown energy crisis.

Costly fuel and the weak yen pushed trade imports to a record in May, up nearly 50 per cent from a year before, keeping the country's trade balance in the red.

The latest crisis has spurred debate over Japan's energy policies and power-market structure.

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Article Details

Category: Economy

Topics: Trade Price Costs Imports Cent Year Paper Prices Energy Tokyo Japan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 08:59:20

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 6 minutes read

Article Length: 932 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 30027

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About The Straits Times

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Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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