Japan Exporters Seek More Aid After ‘Too Late’ Yen Intervention

Japanese exporters called for more action to weaken a near-record high yen even after government intervention prompted the currency’s biggest drop since March.

“The exchange rate is at a level that has an extremely damaging effect on the Japanese economy,” Osamu Masuko, president of Tokyo-based Mitsubishi Motors Corp., said yesterday by e-mail. He said he welcomed the intervention, ’’but the resulting exchange rate still isn’t acceptable.’’