19:54 GMT27 July 2021
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    Japan is concerned the continuous drop in global oil prices may negatively affect its economy, Economic Revitalization Minister Akira Amari said Tuesday.

    TOKYO (Sputnik) – Assets are being sold off worldwide, including in Japan, as oil-producing countries suffer from the oversupply of crude oil amid slowing demand, Amari said.

    "If oil prices fall too much, it can have a negative impact on Japan too," Amari said at a press conference, linking cheap oil to stock prices.

    The minister said external forces weighed down on the national economy, noting the "stable economic foundation" in Japan.

    Investors seeking reliable assets amid plummeting oil prices view the 3-percent rise by the Japanese yen over the US dollar this year in a positive light.

    oil prices, Japan
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