Amid escalating tensions in the middle east, oil production is severely disrupted, leading to a 30% spike in global oil price. this has resulted in heightened uncertainties in international markets. in japan, which imports a substantial portion of its oil, there are concerns about rising energy cost and its subsequent impact on the nation already fragile economy. meanwhile, the united kingdoms, a financial hub with significant investment in the middle east and a north sea oil producer, faces dilemmas regarding its energy and financial sectors. 

Would you expect bond price to decline more in japan or the united kingdom due to the situation?

Answer rating: 100% (QA)

In the given scenario where theres a 30 spike in global oil prices due to escalating tensions in the ... View the full answer