Japanese Companies Oppose Rate Hikes Amid Iran War Concerns, Survey Finds
A recent Reuters survey reveals that the proportion of Japanese companies opposing interest rate hikes has nearly doubled due to concerns over the war in Iran. According to Jin10, 42% of Japanese firms believe that profit growth is possible if the average price of WTI crude oil remains below $100 per barrel, while 28% set this threshold at $80. Most Japanese companies are either experiencing or anticipating the impact of the Iran war on their business operations.