Over 80% of Japanese firms want a stronger yen

The figure comes from the most recent Reuters Corporate Survey.

• More than 80% of companies said they wanted the yen to trade no weaker than 130 per dollar next year

More:

• Almost 90% of companies see inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term as the main risk in 2023
• 37% of firms in the survey plan to use profits to raise wages, this is up from 22% last year

The report adds:

• Managers at nearly two-thirds of Japanese companies have lost confidence in the administration of Prime Minister Fumio Kishida
• Uncertainty over Kishida's economic growth strategy was the most commonly cited reason for dissatisfaction, followed by lack of policy execution and his response to the weak yen and rising prices.

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USD/JPY update, at least the yen is up from its lows in October: