The year of 2004 marks the centenary of the Bank of Japan’s London Office. I will take this opportunity to share with you some reflections over the past century by highlighting major events that have involved our London office.
At the beginning of 2004, the price of North Sea Brent crude oil was around $ per barrel. It is now almost $ per barrel. In the first 5 months of this year the domestic petrol price increased by R1,34 per litre, although it has since declined by R0,23.