Japan's Executives Sound Alarm Over Weak Yen's Economic Risks

Japanese executives are voicing growing concerns about the impact of currency fluctuations and a persistently weak yen on the country's economy. In recent weeks, the yen has reached historic lows, prompting joint Japan-U.S. intervention to stabilize the currency.

CFOs at major companies such as Mitsubishi Electric and Mitsui & Co are warning that the strain from a weak yen is starting to take its toll. 'Problems affecting the entire Japanese economy affect us too,' said Mitsubishi Electric's Kenichiro Fujimoto, highlighting the sector's vulnerability to external factors.

While exporters have benefited from the weaker yen in global markets, many companies are now facing higher costs for energy, materials, and food imports. Fast Retailing, owner of Uniqlo, expects to raise prices on autumn and winter items by around 4% to offset the decline in the yen.