Survey shows that nearly 97% of Japanese companies have been negatively impacted by the situation in the Middle East.

The results of a recent survey in Japan showed that nearly 97% of Japanese companies stated that the tense situation in the Middle East had a negative impact on their operations, mainly due to rising oil prices and unstable supply chains. The Japan Imperial Database Corporation conducted a questionnaire survey at the beginning of this month for 1686 domestic companies, asking if their business operations were affected by the situation in the Middle East, with as many as 96.6% of the surveyed companies reporting a "negative impact." When asked how long the high oil prices would continue to cause their main business to shrink, over 40% of the surveyed companies responded "within 6 months."