Yen Too Weak: Japan Electronics Industry Chief
Tokyo, Nov. 25 (Jiji Press)--Toshiaki Higashihara, chairman of the Japan Electrical Manufacturers' Association, or JEMA, on Thursday expressed concern that the yen's weakening against other major currencies and soaring crude oil prices could badly affect corporate earnings.
"It's difficult to point to the appropriate level (in the dollar-yen exchange rate), but the current 115 yen (per dollar) is too weak (for the yen)," Higashihara, also chairman and chief executive officer of Hitachi Ltd . <6501>, told a press conference.
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