Japan Inc. risks $14bn hit to profit as yen appreciates

Big companies project stronger exchange rate of 143 to the dollar this fiscal year

20250502N Japan auto exports

Automakers and other export-heavy companies are preparing for a tough fiscal year. (Photo by Tomoki Mera)

AKIHIRO OTA and KOSUKE OKAMOTO

TOKYO -- The resurgent yen appears on track to cut Japanese corporate profits by 2 trillion yen ($14 billion) this fiscal year, with exporters that had benefited from a weak currency now expecting exchange rates to become a hindrance.

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