On April 14, Nomura economists stated that due to the continuous rise in crude oil prices and concerns over the supply of petroleum products, Japan is facing 'unprecedented risks' in the future, and the Bank of Japan is likely to delay its interest rate hike. Compared to the press conference in March, Bank of Japan Governor Kazuo Ueda expressed greater concern on Monday about the downside risks to the economy posed by conflicts in the Middle East. Ueda indicated that if the conflicts persist, they will impact Japanese businesses through disruptions in the supply chain.
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