Japan does not benefit from cheaper oil due to Yen

Source: Bloomberg
© scanpix/RS
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 the imported goods.  
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