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Japan wanted inflation and Iran war could grant that wish. But it's not the type Tokyo desires

By CNBC March 20, 2026 Bearish
Japan wanted inflation and Iran war could grant that wish. But it's not the type Tokyo desires
The Iran conflict risks driving “cost‑push” inflation in Japan through higher energy costs, not the wage‑driven demand the BOJ wants. Analysts estimate oil price spikes could add 0.3%–0.7% to CPI, with broader effects as energy feeds into production costs.
The Iran conflict risks driving “cost‑push” inflation in Japan through higher energy costs, not the wage‑driven demand the BOJ wants. Analysts estimate oil price spikes could add 0.3%–0.7% to CPI, with broader effects as energy feeds into production costs.