Mizuho Securities economist Yasuhisa Irie warned that prolonged Middle East infrastructure repairs keeping energy prices elevated could trigger a temporary spike in Japan’s imports in H2 2026. Government trade data released Wednesday showed progress

2026-06-17

Mizuho Securities economist Yasuhisa Irie warned that prolonged Middle East infrastructure repairs keeping energy prices elevated could trigger a temporary spike in Japan’s imports in H2 2026. Government trade data released Wednesday showed progress diversifying crude supply away from the Strait of Hormuz: overall oil imports fell 28.5% while US crude imports rose 663.4%, offering some relief to households.