Japan’s Biggest Firms Set for $9.3 Billion Bonanza From Weak Yen
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Ten of Japan’s biggest companies are likely to pocket an extra 1.4 trillion yen ($9.3 billion) in profits this fiscal year if the yen continues to hover around the 150 mark to the dollar, a Bloomberg calculation shows.
The calculation is based on figures from 10 of the Japan’s 30 largest firms by market capitalization that specify the impact of exchange-rate movements on their earnings.