Daiwa Securities: Soaring oil prices will further widen Japan's trade deficit

Golden Ten Data reported on March 18 that according to estimates by Daiwa Securities, if crude oil prices trade around $90 per barrel, Japan's net import value will increase by approximately 8.1 trillion yen. The estimate shows that this figure rises to 11.4 trillion yen at $100 per barrel, and if the price reaches $120 per barrel, it will increase to 17.8 trillion yen. A deepening trade deficit may further pressure the yen, leading to a further rise in import costs and ultimately eroding corporate profits.