The biggest business lobby in Japan, Keidanren, will debate the possible detrimental impact of the yen’s depreciation on the economy at its executive meeting next month.
Keidanren, which is made up of large corporations such as automakers and electronics businesses, has long supported a weak yen and has urged the government to avoid abrupt currency increases that make Japan’s exports less competitive abroad.
Any discussion of the benefits and drawbacks of a weak yen by Keidanren would reveal a change in how Japan’s business sector perceives currency movement and its influence on the economy.
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