BOJ may be overlooking real risk from Iran war, says ex-central bank official
Orientul Mijlociu
TOKYO, April 2 : Japan's economy may face supply shocks and slumping demand from the Iran war, a risk the central bank may be overlooking by focusing on inflationary pressures, former central bank official Nobuyasu Atago said on Thursday. A slew of recent hawkish communication from the Bank of Japan has led markets to bet on roughly a 70 per cent chance of a rate hike in April, as soaring oil costs from the Middle East conflict and higher import costs from a weak yen heighten price pressures.
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