Thu, 26 Feb 2015 09:44:06 GMT
Japan does not benefit from cheaper oil due to Yen
The impact of the plunged crude prices on Japan is not as obvious as for the other countries, since the Yen dropped to seven-year lows. The prices for Brent crude oil decreased around 4% since June, while gasoline, in turn, dropped 11% in Japan. The Yen has lost more than 14% versus the Dollar, thereby accelerating rise of prices for