Japan’s Chief Cabinet Secretary Matsuno Warns Rising Oil Prices Could Hurt Corporate Profits, According to Reuters

Japan Monitors Oil Prices Amid Economic Concerns

Japan’s new chief cabinet secretary, Hirokazu Matsuno, announced on Tuesday that the government is closely monitoring fluctuations in oil prices, as rising costs could negatively impact corporate profits and place additional financial strain on households.

Matsuno refrained from addressing the recent decline in Japanese stock prices, which have fallen to a one-month low, noting that market movements are shaped by various daily factors determined by the trading environment.