Atsushi Miyanoya speaking in Tokyo

Ntg further but the debate on the relative merits of yen weakness continues

USDJPY 117.71

Update:

  • many electronics makers in Kansai will see profits squeezed arounf USDJPY120.00
  • may shift production back to Japan
  • exports very strong in Kinki region, western Japan
  • many firms keen to increase capex