BUSINESS / Companies

Japan's manufacturers want BOJ to keep yen stable, survey shows

A Bank of Japan survey on firms nationwide showed that many of them do not expect to be able to hire enough workers if they keep wage growth low, and see an economy where wages and inflation rise in tandem as more favorable. | Bloomberg

By Leika Kihara
Reuters

May 20, 2024

Japan's large manufacturers see exchange rate stability as the biggest factor they want out of the central bank's monetary policy, a Bank of Japan survey showed on Monday.

Roughly 70% of firms polled said they experienced drawbacks from the BOJ's 25-year-long monetary easing measures, including a weak yen that pushed up import costs, the survey showed.

About 90% of the total also benefited from the BOJ's prolonged easing, such as low borrowing costs, the poll showed.

Japan's manufacturers want BOJ to keep yen stable, survey shows

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