Japanese Companies Struggle With Yen’s Continued Weakness

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 53 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 63%

Foreign Currencies Noticias

Bloomberg,Japan,Japanese Companies

(Bloomberg) -- Japan’s companies are expressing unusual discomfort with the weak yen, just as the country’s government appears to be stepping in to prop up...

-- Japan’s companies are expressing unusual discomfort with the weak yen, just as the country’s government appears to be stepping in to prop up its tumbling currency.Treasuries Rally With Fed Not as Hawkish as Feared: Markets Wrap

The airline industry straddles both worlds. Imported fuel must be paid for in dollars and fewer Japanese are traveling abroad while at the same time inbound travel to Japan is booming. Murata Manufacturing Co., which gets about 90% of its total sales from abroad, said that while the yen’s depreciation has a “positive effect on short-term earnings,” it does not want to see the yen decline too rapidly because it believes that an excessively weak yen could affect the entire supply chain.

Canon Inc. has been recording losses on foreign currency-denominated borrowings from overseas group companies as “non-operating expenses” due to the yen’s depreciation. That sentiment was echoed by the Japan’s richest man, Fast Retailing Co. President Tadashi Yanai. His company, the parent of clothing retailer Uniqlo, benefited from the yen, booking a foreign exchange gain of 16.5 billion yen in the first half of the company’s fiscal year. Still, the overall impact of a weaker currency would hurt the country as a whole.Elon Musk vs.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 47. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Japanese Companies Struggle With Yen’s Continued WeaknessJapan’s companies are expressing unusual discomfort with the weak yen, just as the country’s government appears to be stepping in to prop up its tumbling currency.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »