BOJ Osaka branch manager says rapid yen drop is hurting sentiment in Kansai region

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

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