Japan Trading Houses Call for Stable Yen to Protect Investments

Some of Japan’s biggest trading houses warned that the recent volatility in the yen is boosting investment risks, and urged authorities to help stabilize the currency.

Whether the yen is strong or weak matters less than stability, Shingo Ueno, chief executive officer of Sumitomo Corp., said in an interview Tuesday. “Higher volatility forces companies to delay investment,” he said, adding that a “slightly stronger yen” would benefit Japan’s broader economy.