A Reuters poll found that more than three-quarters of Japanese firms say the yen has declined to the point of being detrimental to their business, with almost half of companies expecting a hit to earnings. The results of the Reuters Corporate Survey are one of the clearest signs yet that much of Japan Inc is struggling with higher costs and worsening consumer demand caused by the yen’s weakness.
The post Reuters reveals Three-quarters of Japan firms bemoan current yen weakness as bad for business appeared first on Reuters News Agency.
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