Yen Forces Japan Towards Coal

Reuters reported that Japan is focusing on coal-powered energy as the yen is making oil and LNG cost-prohibitive.

As quoted in the market report:

New Prime Minister Shinzo Abe’s policies aimed at raising exports have weakened the yen, making energy imports priced in dollars more expensive. At the same time, the nuclear industry enters a third year of near total shutdown, meaning Japan needs the lowest cost option to cap a trade deficit.

To view the whole Reuters report, click here.