Japan’s Hagiuda warns of electricity supply crunch this winter
|Japan’s Industry Minister Koichi Hagiuda warned on Thursday, “Japan's electricity supply vs. demand this winter is expected to be the tightest in a decade.”
Additional quotes
“LNG inventory held by major utilities as of October 15 was around 2.3 mln tonnes, up 0.7 mln tonnes from a year ago.”
“On electricity supply for winter, says minimum required reserve ratio of 3% has been secured. “
Market reaction
USD/JPY is little affected by the above headlines, keeping its range around 114.30, marginally higher on the day. Rising Treasury yields continue to put a floor under the spot.
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