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Japan-Update

Corporate Japan plays it safe in yen forecasts for second half

Toyota, Hitachi Construction, others stand to benefit from soft home currency

Large Japanese enterprises are working off the assumption that the yen will trade at 109 or so to the greenback for the October-March half.

TOKYO -- Major Japanese companies, already poised for record profits in the year ending March 2018, are assuming a yen stronger than current levels for the second half and so could do even better if the currency stays weak.

Big players have pegged the yen at about 109 to the dollar and around 125 to the euro on average for the half. The actual rates now stand at roughly 113 and 131.

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