Home

China

World

Politics

Business

Sci-Tech

Health

Opinions

Video

Live

Radio

World Asia-Pacific Middle East Europe Americas Africa

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree

01:24

Due to Japan's reliance on the Middle East for crude oil imports, the blockade of the Strait of Hormuz has led to elevated energy prices and increased inflation in the country. This is impacting livelihoods and proving a strain on the Japanese people, said Cai Guiquan, an associate research fellow at the Chinese Academy of International Trade and Economic Cooperation under China's Ministry of Commerce.

Open in CGTN APP for better experience

Search Trends

Middle East crisis deals heavy blow to Japan's economy: Inflation intensifies and livelihoods strained