Reuters (May 22)
“Asia buys about 80% of oil shipped through the shuttered Strait of Hormuz and stress in foreign exchange markets is one of the clearest signs that rising fuel prices are starting to hurt growth.” Asian governments have been left in “an unenviable position. The path to preserving growth is precarious because falling currencies can shake confidence and stoke inflation, but supporting them with higher rates means a hit for consumers and the economy’s growth engine on top of the fuel shock.”
Tags: Asia, Confidence, Consumers, Currencies, Forex, Governments, Growth, Inflation, Markets, Oil, Precarious, Prices, Rates, Shuttered, Strait of Hormuz, Unenviable
Wall Street Journal (March 9)
Five years have passed since the nuclear meltdown, but “Fukushima still rattles Japan.” The nation must debate the controversial “reopening of reactors” that have largely been shuttered since the accident, even as “costly cleanup and decommissioning” are scheduled to continue for decades at Fukushima.
Tags: Cleanup, Controversial, Decommissioning, Fukushima, Japan, Meltdown, Nuclear, Reactors, Reopening, Shuttered
