Yen rise to push more Japan output overseas-survey

Newswire

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 at present levels, a government survey showed. The survey by the Ministry of Economy, Trade and Industry asked 102 companies, mainly exporters, how the yen was impacting their business following the currency's rise to a 15-year high of around 85 yen against the dollar. Some 51 percent said the stronger currency was ...

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