ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Sinking crude could boost Japanese economy

TOKYO -- Plunging crude prices could light a fire under the sluggish Japanese economy by boosting the transportation sector and encouraging consumption.

     Dubai crude, the benchmark for Asian markets, plummeted 6% on Friday to around $67 per barrel. It hit the lowest level in roughly five years after OPEC failed to cut production on Thursday, and is now about 40% below the recent high from June.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more