ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Forex

Japan companies adjust expectations as yen stiffens

TOKYO -- Many blue-chip Japanese companies have revised their hypothetical exchange rates to reflect a stronger yen, which could diminish the earnings boost that was previously anticipated.

     Automotive and other companies were among those that made updates for the current quarter through March when they announced earnings for the April-December period. The Japanese currency has recently strengthened, trading at around 117 yen to the dollar, compared with roughly 120 yen in the second half of last year. If the yen stays firm, export-focused companies would lose some of the earnings support they have enjoyed from a weak home currency.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more