UPDATE 1-Yen rise to push more Japan output overseas-survey

Newswire

* Two thirds of firms surveyed say strong yen hurting profits * Business leaders could ratchet up pressure on govt * 40 percent of companies mulling factory shift overseas (Adds background, details) By Isabel Reynolds TOKYO, Aug 27 (Reuters) - Two-thirds of Japanese companies expect the yen's strength to squeeze profits and 40 percent will shift production overseas if the currency remains near a 15-year high on the dollar, a government survey showed on Friday. The survey by the ...

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