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Japan sees greater possibility of El Nino weather pattern emerging this summer

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Japan's weather bureau said there is a higher chance of an El Nino weather pattern emerging this summer, Reuters reported.

The Japan Meteorological Agency said "the El Nino predictive model predicts the sea temperatures in the ocean area monitored for El Nino will transition from a level near standard this spring to a higher than standard level this summer."

The El Nino weather pattern can trigger drought in some parts of the world, while causing flooding in others.

This will increase uncertainty in global commodity and energy markets.

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