Majority of Japanese Firms Says Weak Yen Hurts Profits: Survey
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A majority of Japanese companies considers the yen’s recent weakness a negative factor for their businesses, according to a recent survey.
About 64% of firms surveyed said the recent depreciation of the yen has eroded their profits, while 7.7% saw a positive impact, according to a report published Friday by Teikoku Databank. Companies citing adverse impacts said they weren’t able to pass on rising raw materials costs to customers via price increases.