Japan’s multinationals take the win from weak yen

Toyota, Sony, Muji among those upgrading full-year profit forecasts The median yen-expectations figure among Topix constituent companies is close to 154 to the dollar this month, up from 150 at the end of May, indicating a weakening outlook for the currency from Japanese corporations after it recently dipped to over 160. (Source photos by Tomoki Mera, Hirotake Kitagawa, Tomoko Wakasugi and Shintaro Ino) TOKYO — Japanese multinational companies are seeing major business benefits from the weak yen, with many making upward revisions to forecasts during the latest earnings season.

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