TOKYO -- Listed Japanese companies now see themselves as more resilient in the face of a strong yen than they did a year ago, thanks to recent appreciation lowering import costs, a government survey out Tuesday shows.
Businesses expect to be able to turn a profit when the yen is as strong as 100.5 against the dollar, according to the Cabinet Office's annual survey of corporate behavior for fiscal 2016. This is 2.7 yen stronger than was indicated as the break-even rate in fiscal 2015, and the first movement in the direction of appreciation in five years.
