Weak yen loses its magic for Japan's manufacturers

Latest BOJ survey highlights pressure from surging commodity prices

20220401N Mazda plant

An auto worker at Ford-Mazda joint-venture plant in Thailand. Japanese companies have been relying more on overseas production, meaning that a weak yen helps them less than it once did. © Reuters

KENICHI ONOZAWA, Nikkei staff writer

TOKYO -- Confidence among Japan's largest manufacturers is declining as the weak yen that long helped the nation's exports compete abroad increasingly turns into a setback amid a global surge in commodity prices.

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