Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Strong Yen Eroding Japan’s Competitiveness, Yonekura Says

Jan. 5 (Bloomberg) -- Japan’s competitiveness is being eroded by an “excessively strong yen,” the chairman of the nation’s biggest business lobby said.

Companies are finding it difficult to make capital investments because of uncertainty over the European financial markets, Hiromasa Yonekura, chairman of Nippon Keidanren, told reporters in Tokyo today.

Japanese companies expect the exchange rate to be between 75 to 80 yen to the dollar in the first half of 2012, said Yasuchika Hasegawa, the head of second-largest business lobby Keizai Doyukai, citing the results of a survey of managers.

To contact the reporter on this story: Shunichi Ozasa in Tokyo at sozasa@bloomberg.net

To contact the editor responsible for this story: Gearoid Reidy at greidy1@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.