Jingyan Technology said MIM-process copper-alloy optical-module housings began ramping up volumes this year; they currently account for a small share of revenue.

Sumitomo Mitsui Nikko Securities strategist Ataru Okumura said Fed rate hikes prompted by rising inf could increase tightening pressure on the Bank of Japan. He noted the wide rate differential with the US has been the main driver of yen weakness, and a new global tightening cycle could expose the BOJ’s relative lag in raising rates. Okumura added market concern about Japanese government intervention may cap USD/JPY around the 160 area, but investors doubt how long intervention can hold, potentially forcing the BOJ to slightly accelerate its rate-hike pace.

IEA Executive Director Birol said the crisis will create a new global energy landscape.