Amid Middle East tensions, the Bank of Japan is facing pressure to strengthen the yen, leading to record intervention spending disclosed by the finance ministry during the G20.

The entities involved

• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54
• Bank of Japan →

  the central bank of Japan

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Divergent monetary policies between the US Federal Reserve and the Bank of Japan are widening the yield gap, with Fed policy supporting the USD and pressuring the JPY.Mon 15:08
• finance ministry →

  type of ministry responsible for government finances and economic policy

  • Estonian Parliament approved major tax and budget laws while the government managed its fiscal strategy and budget.Mon 15:24
  • Erdoğan chairs meetings involving various ministries to review a fund crisis, the PKK process, and Russia-Ukraine war developments.Mon 13:57

Related events

• Worries about instability in the Middle East, coupled with concerns over U.S. debt hitting $40 trillion, are driving geopolitical risk and market volatility.Aug 28
• The Bank of Japan monitors inflation and interest rate signals, noting how geopolitical risks in the Middle East affect oil prices and imports.Jun 7
• Geopolitical tensions in the Middle East are being addressed by the Cabinet Office through economic projections.Jul 30
• Middle East tensions are reigniting global inflation, prompting Fed and European central banks to signal rate hikes, while Azerbaijan builds a monetary buffer.Sep 17
• Global inflation concerns are rising due to Middle East instability, prompting the Federal Reserve to consider rate increases while Japan monitors the impact on its economy.Jun 7