Japan’s Trading Houses See Rate Hike Positive for Business
- Tighter monetary policy signals growth for Japan: Marubeni CFO
- Firms have overseas businesses, benefit from weak yen
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Japanese trading houses said the central bank’s decision to raise interest rates is positive for their domestic businesses because it signals improvement in the economy, as they released quarterly results.
Marubeni Corp. sees limited impact on capital procurement costs from the Bank of Japan’s decision to tighten policy, Chief Financial Officer Takayuki Furuya said during an earnings press conference on Thursday. Stable growth in an environment with “appropriate inflation” is a positive for the company’s domestic business, he said.