Japan business lobby to discuss negative impact of weak yen

<p>Yomiuri (Japanese medi) with the report that Japan's top business lobby, Keidanren, will discuss&nbsp;the potential negative impact of the yen's weakness on the economy at its meeting next month, on December 4.</p><p><span>Keidanren is comprised of major companies including
big automakers and electronics firms. These have, in the past, favoured a
weak yen and have called on the government to stave off sharp
yen rises that make Japan's exports less competitive overseas.
</span></p><p><span>A shift by the lobby group to discuss the demerits of a weak yen highlights the new sensitivity in to the&nbsp;currency's movement and its impact on the economy.
</span></p><p><span>The concerns are linked to calls by the
business sector for the Bank of Japan to end ultra-low interest
rates that have been blamed for accelerating the yen's decline.&nbsp;</span></p><p><span>—</span></p><p><span>Earlier:</span></p><ul><li><span><a href="https://www.forexlive.com/centralbank/japan-media-groundbreaking-for-the-end-of-boj-negative-interest-rates-has-finally-begun-20231127/" target="_blank" rel="follow" data-article-link="true">Japan media: Groundbreaking for the end of BOJ negative interest rates has finally begun</a></span></li></ul><p><span><br></span></p><p><span>USD/JPY update:</span></p><figure data-media-><img src="https://images.forexlive.com/images/usdyen%20weak%2028%20November%202023_id_17d233a4-3bc7-46d7-9a67-7611a78c8151_size900.jpg" alt="usdyen weak 28 November 2023 22" width="1068" height="699" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/usdyen%20weak%2028%20November%202023_id_17d233a4-3bc7-46d7-9a67-7611a78c8151_size900.jpg" /></figure><p><span><br></span><br></p>

This article was written by Eamonn Sheridan at www.forexlive.com.