Japan Looks to Ramp Up Response to Fallout From Mideast Crisis

Japanese Prime Minister Sanae Takaichi looked to ramp up the nation’s response to the fallout from the war in Iran with a thorough review of the ecosystem of oil-related products, as the likelihood builds of shortages and knock-on effects across the economy.

The Finance Ministry is also sounding out market participants on possible intervention in the crude oil futures market, according to people familiar with the matter, in an apparent attempt to ease pressure on the commodity and currency stemming from the crisis.