Japan press – "Once seen as boon, falling yen may now be bane to Japan Inc." via ForexLive

In the Nikkei this morning in Japan:  Once seen as boon, falling yen may now be bane to Japan Inc.

• A survey by the Japan Chamber of Commerce and Industry, which comprises small and midsize businesses, shows that 38.8% of its member companies see 100 yen to 105 yen per dollar as a desirable rate. And 30.5% chose the 95 yen to 100 yen range as favorable. About 80% of all companies polled consider the current 109 yen level undesirable.
• “The production activities of client companies have shifted overseas, so a weaker yen doesn't lead to increased orders,” said an official at a Shizuoka Prefecture electronics parts manufacturer, expressing concerns voiced by many businesspeople. “The higher prices of imported parts could squeeze profits.”

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