"Yen appreciation: oil price hurt Japan's economy too."
In a press conference after the Cabinet meeting on the growing tensions between the United States and Iran, Minister Nishimura said, "One of the downside risks of the economy originating from overseas is the situation in the Middle East. I think it's becoming more apparent. "
On the other hand, Minister Nishimura commented that "The fundamentals are financial markets that do not reflect the basic conditions of the economy." Sudden fluctuations and excessive speculative movements are undesirable, so we should pay close attention to the appreciation of the yen and rising oil prices, which could adversely affect the Japanese economy. "