More from the Japanese press this morning, this time on big (huge) Japanese firms' outlook for the yen
The businesses are adjusting their assumed exchange rates to reflect the yen's weakening trend
- Which will boost local currency earnings for the big exporters
- The modified average assumed rate for the current fiscal year stands at about 110 yen per dollar, roughly in line with the market, and 118 yen per euro, much stronger than the current trading rate of around 130 yen
- The previous averages were 109 yen to the dollar and 117 yen to the euro
There is more here, including specifics for Toyota, Honda maritime shipper Nippon Yusen, and others
