Japan Business Federation Chief Expresses Concern Over Elevated USD/JPY Levels
Tuesday, 26 March 2024, 07:22
Japan Business Federation Chief Expresses Concern
The Japan business federation chief raises concerns about USD/JPY exceeding 150, affecting local importers.
Verbal Interventions and Currency Fluctuations
All we're getting is verbal interventions from Japanese officials with regards to the yen, helping to curb further currency drop.
Challenges persist for importers balancing wages and profitability amidst exchange rate fluctuations.
Importers raising wages impact profit margins, prompting considerations for government support.
- Japanese firms seek assistance against yen depreciation
- Exporters like Toyota stand to benefit from weaker yen
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.