Taiyo Oil is set to receive a crude oil shipment from Russia’s Sakhalin-2 project, according to Japanese media reports citing the Ministry of Economy, Trade and Industry.

Japan’s industrial production edged down 0.5 percent in March from the previous month, weighed by the impact of the Middle East conflict, which disrupted chemical output due to restricted imports of key raw materials, government data showed on Thursday.

Japan’s core consumer prices in March rose 1.8 percent from a year earlier, driven by higher energy costs following surges in crude oil prices amid the Middle East conflict, government data showed on Friday.

TotalEnergies (France) and Masdar (United Arab Emirates) have signed a binding agreement to establish a 50/50 joint venture worth $2.2 billion, which will combine their onshore renewable energy projects across nine Asian countries, including Azerbaijan.

The Bank of Japan kept its benchmark interest rate unchanged at around 0.75 percent on Friday, as it evaluated the impact of last month’s rate hike on the economy amid a recent rise in government bond yields and a weakening yen.

The Bank of Japan is expected to keep its benchmark interest rate unchanged at a two-day policy meeting starting Thursday, choosing to assess the economic impact of its previous rate hike to a 30-year high and the recent decline in the yen that has concerned Japanese authorities.

India has overtaken Japan to become the world’s fourth-largest economy, with a gross domestic product (GDP) of US$4.18 trillion, according to the government’s end-of-year economic review. Officials project that India could surpass Germany to claim the third spot by 2026.

The Bank of Japan is widely expected to raise interest rates on Friday for the first time since January, taking them to their highest level in 30 years and potentially increasing volatility in debt markets.

Japan’s economy shrank by almost 2% in the third quarter, marking its first contraction in six quarters, government data revealed on Monday, News.Az reports, citing Reuters.