Stock Groups

Weak yen good for exports but pushes up corporate costs By Reuters

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO: Japan’s new prime minister Fumio Kishida delivers his first coverage speech at parliament in Tokyo, Japan, October 8, 2021. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida stated on Tuesday a weak yen helps carry exports but additionally will increase prices for firms by pushing up import costs.

“We are going to intently watch the affect of foreign money strikes on Japan’s financial system,” Kishida advised parliament, when requested by an opposition lawmaker on how the federal government would reply to extreme yen declines.

Disclaimer: Fusion Media wish to remind you that the info contained on this web site isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs aren’t supplied by exchanges however somewhat by market makers, and so costs will not be correct and will differ from the precise market value, that means costs are indicative and never acceptable for buying and selling functions. Subsequently Fusion Media doesn`t bear any accountability for any buying and selling losses you would possibly incur because of utilizing this information.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury because of reliance on the knowledge together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be totally knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding varieties attainable.



[ad_2]