Men look at an electric monitor displaying the Japanese yen exchange rate against the U.S. dollar and Nikkei share average in Tokyo, Japan September 14, 2022.
read more That’s understandable, but it will make it harder to moderate an increasingly volatile exchange rate.
The yen , currently trading around 144 per dollar, is at its weakest since 1998, but more important is the rate of change.
A see-sawing foreign exchange rate, though, makes executives nervous.
Exporters including carmakers Nissan Motor (7201.T) and Toyota Motor (7203.T), and drugmaker Takeda Pharmaceutical (4502.T), which reported nice forex tailwinds in its last quarterly report, are benefitting from unexpected exchange rate gains on paper.