The story so far · 2 days, October 19 to 21, 2026
One Turn followed this story across 2 editions, from Islamabad, Pakistan on October 19, 2026. Newest first.
Japan imports nearly all its oil and gas, much of it from the Middle East. The Bank of Japan is expected to hold rates at its October 30 meeting.
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Japan's exports grew 16.7% in September, below expectations, while imports rose 18.9%. The April-September trade deficit nearly doubled from a year earlier to $17.8 billion as energy imports grew more expensive due to the Hormuz crisis.
Why it matters: Higher energy import bills weigh on the yen and Japan's trade balance.
Sources: CNBC, OilPrice · See it on the globe
Pakistan's economy grew 2.0% in the April-June quarter, below forecasts, as soaring energy prices and irregular LNG supplies from Qatar hit industry. Pakistan's army also pledged support to defend Saudi Arabia, and its military chief is due in Tehran.
Why it matters: The slowdown threatens Pakistan's fragile IMF-backed recovery.
Sources: OilPrice, The Hindu, Middle East Eye · See it on the globe