Japan Trading Houses Say Weak Yen Hurts Efforts to Expand Abroad.

Top executives at Japan's trading houses have expressed concerns about the weakening yen and its impact on their efforts to expand business overseas. While the weak currency is beneficial for profits, as earnings from assets abroad are in US dollars, it also makes foreign investments more expensive. The executives are wary about investing abroad due to this. The market has been on alert for potential intervention to support the yen, with the currency reaching its weakest level in 34 years. Despite the concerns, the trading houses are expected to benefit from the slide in the yen, as it will increase their annual profits. [Extracted from the article]

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