Japan power prices hit 9-month highs amid global energy crunch

Meanwhile, Japan’s Prime Minister Fumio Kishida (pic) said yesterday the government would scrutinise the impact on the economy from any further declines in the yen, which risk hurting corporate profits.

TOKYO: Electricity prices in Japan have risen to nine-month highs this week as gains in global prices of oil, liquefied natural gas (LNG) and coal are starting to feed through to the country’s US$150bil (RM624bil) power market.

Energy prices across the world are hitting records or multi-year highs as economies from Europe to Asia recover from the pandemic but are facing lingering supply chain and other disruptions.