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Japan's Economy Faces Downturn Risk If Middle East Conflict Persists, Economist Warns on May 21

GateNews

2026-05-21 06:23:37

According to Takeshi Minami, an economist at Norinchukin Research Institute, if the Middle East conflict continues, Japan's economy will likely face a downturn despite having adequate crude oil supplies through early 2027, as reported by Jin10 on May 21. The conflict could trigger adverse effects through multiple channels, including economic contraction in emerging markets and surging inflation pressure.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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