Reuters Corporate Survey: 48% of Japan firms want USD/JPY to stabilize around 100

• According to a Reuters Corporate Survey, 48% of Japan firms want USD/JPY to stabilize around 100; this is, in part, due to concerns of rising import costs as the yen weakens.
• 29% of the firms want the yen to strengthen, back to 95 against the USD

The survey also found:

• 13% of firms plan to boost capital spending
• 10% plan to increase jobs and/or wages

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With almost half of firms expressing concern about import prices (fuel is a key imports for Japan) rising as the yen weakens, it may well add to Japanese government efforts to stabilize the yen around current levels. We are already seeing comments from Aso and Amari along these lines.