Japan's budding asset class

Cover Story: Commodities

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Double-digit growth in commodity prices - most notably energy and gold - has enticed even the most conservative of investors in Japan, and Asia in general, to take an interest in commodities as an asset class.

The spot price of West Texas Intermediate sweet crude, the common benchmark for oil, hit $66.25 a barrel on March 31, up from $55.31/bbl a year before - a 19.7% jump. The price of London gold fixings (pm) from the London Bullion Market Association surged by 17.9% between January 3 and April

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