needed as energy prices increase
As an oil importer, Japan faces challenges from high energy costs which are only raised with yen depreciation. It is seeking to reduce its dependence on fossil fuels, and to promote renewables and safe nuclear power. Somewhat paradoxically for an oil importer, oil price increases raise stock prices for Japanese industrial firms. This is because Japanese companies produce niche goods and services that are needed as energy prices increase. These high-quality niche products also improve the resilience of the Japanese economy. Japanese firms produce the lion’s share of photoresists and image sensors, used in the electronics industry and medical equipment. Japanese firms are also major suppliers of inputs to the semiconductor industry. สล็อตเว็บตรง