TOKYO -- Japanese enterprises continue to predict a strong yen for the rest of fiscal 2016 despite recent depreciation, preferring underestimating earnings to getting burned by surprise shifts.
Of 62 major companies announcing second-half exchange rate forecasts in October, 35 see the currency at 100 against the dollar. The group averages around 102. The greenback now fetches 104 yen to 105 yen.
