- because it drives energy costs higher
- USDDJPY at 100-110 isnt a problem for JFE Steel
- Iron ore prices unlikely to change in the next 6 months
Eji Hayashida, chairman of the Japan Iron and Steel Federation quoted on Bbg
The comments come after a few similar concerns expressed recently with PM Abe up earlier too and causing USDJPY to drop from 108.80 t0 108.45
Currently 108.57
