Japanese companies see limited financing impact from BOJ hike

Mitsubishi says currency assumptions unchanged, JAL expects to benefit

20240801 shipyard

Vehicles awaiting export at a shipyard in Aichi prefecture: The weak yen has often benefited exporters generating revenue from sales overseas. (Photo by Takuya Imai)

AKANE OKUTSU, Nikkei staff writer

TOKYO -- Japanese companies expect a limited impact on fundraising costs after the Bank of Japan revealed its more hawkish stance on monetary policy this week.

"The impact on fundraising cost will be limited and manageable, given our overall profit level," Takayuki Furuya, Marubeni's chief financial officer, told reporters on Thursday during an earnings press conference. "We will keep a close watch" on further interest rate trends, he said.

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