Crude oil prices continue to fall.
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The price is said to be in the low $26 range per barrel, the lowest in 12 years and 8 months.
Normally, in the Northern Hemisphere, where many developed countries are located, demand for crude oil increases and prices soar during the winter.
In the news the other day.
"When crude oil prices fall, it benefits consumers in terms of gasoline, electricity, etc."
"However, as corporate performance declines, your salaries will decrease."
I think it was a comment made by an economist on TBS.
Sure, stock prices are falling, but isn't this too short-sighted?
I had the impression that this economist usually said fairly sensible things.
In the case of Japan, the decline in stock prices is clearly due to external factors.
Falling crude oil prices should encourage domestic consumption.
Japan is a country that relies on domestic demand, so I think the economy would improve if domestic consumption increased.
