TOKYO -- Japan's listed companies are assuming an average exchange rate of 144 yen per dollar in their latest earnings forecasts, an appreciation of about 10 per dollar compared with prevailing rates, reflecting their concerns about volatile foreign exchange rates.
Currencies
Japan companies brace for forex bumps, assume 144 yen-dollar rate
Market gyrations prompt cautious yen outlook for earnings forecasts
Recent foreign exchange rate volatility has caused headaches for Japanese companies as they compile earnings forecasts for this fiscal year. © Reuters
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