TOKYO : Nearly half of Japanese companies see the weak yen as bad for their business, a private survey showed on Tuesday, suggesting the currency's recent sharp decline is hurting business sentiment and clouding the economic outlook.
When asked how the yen's decline to around 130 per dollar was affecting their business, 46.7 per cent of companies polled said the impact was negative, the survey by Tokyo Shoko Research showed. Among smaller companies, the ratio of those who felt the weak yen was negative for their business was 48.2 per cent.
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