Weak Yen Weighs on Japan's Economy Despite Intervention
The Japanese economy is feeling the strain of a persistently weak yen, which has been exacerbated by last week's joint Japan-U.S. intervention to support the currency.
Despite a brief rebound, the currency's weakness continues to pose risks to the economy, particularly in terms of rising import costs and unstable markets.
Japanese executives are increasingly warning about the consequences of a weak yen on their businesses, even for exporters that have benefited from cheaper yen in global markets.
'Problems affecting the entire Japanese economy also affect us,' said Kenichiro Fujimoto, emphasizing the need for currency stability to support domestic demand and ease import costs.