Bank of Japan holds rates as Iran war energy shock tests economy
Latest outlook statement warns growth is likely to slow as Middle East conflict crimps profits and household incomes
Latest outlook statement warns growth is likely to slow as Middle East conflict crimps profits and household incomes

Jump in oil prices will increase inflationary pressures but weigh on economic activity

Reliance on imported fuel is strangling the world’s fifth-largest economy

Sharp rise in inflation is hitting growth outlook for region heavily dependent on imported energy

Japanese currency’s weakness departs from traditional role during moments of geopolitical turmoil

Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices

Central bankers and economists prepare to meet in Washington to assess conflict’s damage