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A former executive of a major trading company stated that Japan could face a shortage of naphtha-derived chemical products as early as the end of June, a sharp contrast to the government's view that supplies can last until next year.Fumiya Kokubu, visiting researcher at the Institute of Energy Economics, Japan and former president of Marubeni Corporation, said on Monday that it is "almost impossible" to replace the 15 million kiloliters of naphtha that Japan used to import annually from the Middle East before the outbreak of the conflict there."A huge source of supply has disappeared," he said during a webinar. He added that although countries like the United States have become alternative procurement sources for Japan, continuing to purchase naphtha in large quantities from the United States is "not realistic," and that the depth of the problem goes far beyond the logistics bottlenecks previously mentioned by the government.

Sanae Takaichi: Believes that bonds can be issued without causing a significant impact on the market

According to ChainCatcher, citing on-chain data analysis platform CryptoQuant (@cryptoquant_com), Bitcoin spot demand has dropped to the most bearish level this year, and Bitcoin capital flow ratio has also retreated to a key area that historically marks every major market turning point. Although the short-term trend is bearish, such conditions have historically often created better positioning opportunities for long-term investors.