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Sun Jan 12, 2020, 09:23 PM

Trumps Iran adventure has Japan over a barrel

Of all the things Shinzo Abe thought might undo his legacy as economic savior, Iran may well have been the furthest risk from the Japanese Prime Minister’s mind.

But less than two weeks into 2020, the specter of renewed chaos in the Middle East is upending the calculus in Tokyo. Japan limped out of 2019 as trade-war headwinds slammed exports. It barely avoided a recession, imperiling its longest expansion since the 1980s.

Now, Tokyo confronts the risk of skyrocketing oil prices as US President Donald Trump ratchets up tensions with Iran.

Energy prices are surprisingly stable following the Trump-ordered assassination of Qasem Soleimani, the de facto commander of Iranian expansionist efforts in the Middle East. It is unclear if this stability will last.

That puts Asia’s energy-hungry manufacturing powerhouses – notably China, Japan, and South Korea – in harm’s way.

https://www.asiatimes.com/2020/01/article/trumps-iran-adventure-has-japan-over-a-barrel/

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Reply Trumps Iran adventure has Japan over a barrel (Original post)
Troll2 Jan 12 OP
Solesurvivor Jan 12 #1
Grumpy Pickle Jan 12 #2

Response to Troll2 (Original post)

Sun Jan 12, 2020, 09:27 PM

1. Our needs come before theirs

Until they start paying for our military the can pound sand

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Response to Troll2 (Original post)

Sun Jan 12, 2020, 09:42 PM

2. Japan can always import oil/gas from the US.

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