What is the most optimistic timeline for resolution of the Iran-related tensions in the Gulf, according to Saudi Arabia's finance minister as cited by Japan's Finance Minister Katayama?

According to Japanese Finance Minister Satsuki Katayama, Saudi Arabia's finance minister — described as a credible and experienced figure in international finance — stated that 'the best scenario, the most optimistic scenario is the end of June' for resolving the Gulf tensions related to Iran.

How are Japanese and other G-7/G-20 finance ministers responding to the uncertainty caused by the Iran conflict, particularly regarding fiscal and monetary policy decisions?

Japanese and other G-7/G-20 finance ministers are adopting a cautious, wait-and-see approach: they are 'holding and very cautiously observing the situation', refraining from making concrete policy changes because 'the difference between optimistic scenario and bad scenario is too different', and thus cannot 'clearly change the financial position or financial policy' at this time.

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Japanese Finance Minister Katayama highlighted risks from the Iran-Gulf conflict, citing speculation in crude oil markets impacting inflation and the yen. He confirmed US-Japan cooperation on currency intervention and noted IEA stock release measures.

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