Japan's nationwide power price rose more than 25% week-on-week to $0.19 (31.15 yen) per kWh on Monday, according to Bloomberg citing Japan Electric Power Exchange data. The jump reflects surging LNG prices, with Asian spot LNG for December delivery assessed at $29.30 per MMBtu, up from $26.50 a week earlier and the highest since December 2022, as few cargoes exit the Strait of Hormuz. Japan has burned more coal and less gas since the Middle East war began, but coal costs are also up, with Newcastle futures 30% above pre-war levels amid strong Asian demand and reduced Indonesian supply. Scheduled maintenance at some power plants ahead of winter has also pushed prices higher this month.
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Related tickers and likely impact
USD/JPY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 157.995 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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