Geopolitical uncertainty, especially the war in Iran, loom large for Japan's export-reliant economy
The Iran war has made it difficult for anyone to make economic forecasts
The central bank will also release a set of quarterly projections on Wednesday
The IEA was created in the aftermath of the 1973 oil crisis
The April crude oil contract was down US$11.32 at US$83.45 per barrel
The S&P/TSX composite index was down more than 300 points on Thursday
On Thursday, the price of oil spiked to its highest level since the summer of 2024
In financial markets, worries are centred on how long the war with Iran could last
Financial sector most exposed to indirect economic fallout: DBRS
Fears of a drawn-out Middle East conflict are driving a risk-off sentiment in stock markets