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Having eyed yen strength for months, Bank of Japan officials are now watching the currency weaken against the dollar, with the main concerns a lower yen will push up import prices, driving up corporate costs. It isn't expected the weaker yen will push the economy off its projected moderate recovery path in the near term, as the boost to Japan's exporters will underpin the manufacturing sector, MNI understands.

Higher import prices added to rising crude oil prices will squeeze profits at transportation and fishery industries, feeding through into weaker and corporate and household sentiment, is a main concern for officials.

Dollar-yen

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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