What Do Companies in Shizuoka Prefecture Consider an Appropriate USD/JPY Exchange Rate? Large Gap from Actual Rate [Shizuoka Shimbun Survey]

In an economic trends survey by Shizuoka Shimbun, 77.0% of respondents considered an appropriate USD/JPY exchange rate to be below ¥155. It has been reported that both the Japanese and US governments made moves related to yen buying at the end of July.

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The story

According to an economic trends survey conducted by Shizuoka Shimbun among major companies in Shizuoka Prefecture, 77.0% of respondents said that an appropriate exchange rate against the US dollar would be below ¥155.

The survey targeted major companies in Shizuoka Prefecture and showed companies' views on an appropriate USD/JPY level.

It has been reported that both the Japanese and US governments made moves related to yen buying at the end of July, drawing attention to future exchange-rate trends.

At a glance

Appropriate level77.0% responded that it was below ¥155

SubjectEconomic trends survey of major companies in Shizuoka Prefecture

TimingThe survey was conducted by Shizuoka Shimbun and referred to conditions as of the end of July

OutlookIt has been reported that the Japanese and US governments were both making moves related to yen buying at the end of July

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