OECD & Japan

OECD: Inventories in the OECD could reach 'operational stress levels' early in June and 'operational minimum' floors by September if the Strait of Hormuz does not reopen.

Japan: Japan's stockpiles are at an at least 10-year seasonal low, down 50% since the war began, indicating significant vulnerability.

OECD: The OECD provided guest contributions to the inaugural PaxSilica Summit.

Japan: Japan is a founding member of the PaxSilica initiative, contributing to the secure silicon supply chain.

OECD: The OECD provided data highlighting Asia's increasing plastic usage and reliance on Middle Eastern feedstock, contextualizing the event's impact.

Japan: Japan, a top plastic producer and consumer, faces potential shortages of plastic trays and bags, leading to concerns among wholesalers and price hikes from manufacturers.

OECD: The OECD has significantly lowered its global economic growth forecasts due to the impact of trade tariffs, particularly those imposed by Donald Trump, and warns of further negative effects if protectionism continues.

OECD: The OECD forecasts India's growth at 6.7% in 2025 and 6.2% in 2026, contributing to the consensus on India's strong economic outlook.