From the Nikkei overnight:
- The Nikkei calculated the difference based on the companies’ exchange rate projections, how exposed they are to movements in the currency market and other factors. Should the yen remain at current rates through the rest of the fiscal year, it could push combined operating profit at these companies up 5% from the current forecast of 7.05 trillion yen.
Adds:
- Even industries that have traditionally relied on domestic demand are reaping profits from the weak yen as they make further inroads abroad. Seasonings maker Ajinomoto may see about an 800 million yen boost in the second half from the yen’s rate against the greenback alone. It could benefit by a total of 1.5 billion yen considering the yen’s weakness against the Thai baht and other currencies.
