Updated
Updated · Bloomberg · May 1
Japan signals readiness to intervene in crude oil futures market
Updated
Updated · Bloomberg · May 1

Japan signals readiness to intervene in crude oil futures market

10 articles · Updated · Bloomberg · May 1
  • Vice Finance Minister for International Affairs Atsushi Mimura said in Tokyo on Friday that authorities are prepared to act in crude oil futures trading.
  • He said speculative moves in the oil market have been affecting the yen, prompting officials to keep intervention options available.
  • The warning highlights Japan's concern that commodity-market volatility can spill into currency markets, broadening its focus beyond direct foreign-exchange intervention.
Can Japan's intervention tame global oil speculation fueled by geopolitical conflict?
Will the perfect storm of a weak yen and high oil prices push Japan's economy into stagflation?
Are suspicious billion-dollar oil trades a sign of insider corruption or a new front in information warfare?