The View | Japan’s property market is well placed to withstand Iran war energy shock

Spare a thought for investors seeking shelter from the energy shock caused by the war in Iran

. There are no sanctuaries. Government bonds, a traditional beneficiary of a flight to safety, have fallen in response to fears central banks will be forced to raise interest rates to combat a surge in inflation. Even gold, long viewed as a refuge in times of geopolitical uncertainty, has fallen

about 15 per cent this month following a blistering rally.