Japan’s factory output rises as Iran fallout stays manageable

AI Summary

Japan's factory output has risen despite challenges from Iran-related geopolitical tensions. The Japanese government plans to secure enough crude oil through alternative sources to the Strait of Hormuz until March 2028, mitigating risks from Iran fallout.

The government says it can secure enough crude oil through March 2028 by cultivating alternative procurements to the Strait of Hormuz.