48% of Japanese companies view the yen's slide beyond 155 to the dollar as harmful, and 37% want the Bank of Japan to raise interest rates, according to Reuters Japan Corporate Survey.
48% of Japanese companies see yen's slide beyond 155 to the dollar as harmful to their business, while 37% want the Bank of Japan to raise interest rates in response, according to Reuters Japan Corporate Survey. Companies are considering raising prices and switching to domestic procurement to cope with the yen's weakness. The yen has lost around 10% against the dollar this year.
May 22, 2024
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