Japan faces growth risks, slower BOJ rate hikes from Iran conflict
IRAN-ISRAEL
TOKYO, March 2 : Japan faces risks of low growth and high inflation if a prolonged Middle East conflict keeps oil prices elevated and hits the import-reliant economy, analysts say, complicating the central bank's efforts to push up still-low interest rates. Oil prices jumped 7 per cent to their highest in months on Monday as Iran and Israel stepped up attacks in the Middle East, disrupting shipments from the key producing region in a blow to Japan that imports over 90 per cent of its crude oil
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