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Higher Yen Seen Eroding Japan Firms' Earnings

Higher Yen Seen Eroding Japan Firms' Earnings

   Tokyo, Feb. 12 (Jiji Press)--The yen's ongoing sharp appreciation could undermine earnings of Japanese exporters, including automakers, and eventually put a damper on the overall economy of the country, analysts warned.
   Behind the yen's spike are growing uncertainties over the U.S. economy and receding expectations for the U.S. Federal Reserve's additional interest rate hikes on the back of the concerns about the world's biggest economy, they said.

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AFP-JIJI PRESS NEWS JOURNAL


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