BOJ warns prolonged Mideast tensions could raise costs, corporate defaults
Business
TOKYO, April 21 : Japan needs to be vigilant against risks to its financial system stemming from developments in the Middle East, the central bank said on Tuesday, warning that prolonged tensions could keep energy costs elevated and increase corporate defaults. "Japan's financial system has been maintaining stability on the whole," the Bank of Japan said in a semi-annual report. But the report said higher energy prices could drive up corporate commodity procurement costs and impact supply
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