Japan trading house lobby chief urges stronger yen despite sector windfall

Okafuji welcomes Berkshire Hathaway's intention to buy more trading houses' shares Masahiro Okafuji, chairman of the Japan Foreign Trade Council as well as chair and CEO of Itochu, urges a stronger yen for the good of Japan. (Photo by Shintaro Ino) TOKYO — The Japanese yen needs to strengthen further for the good of the country, the chairman of the industrial body representing Japan's trading companies said Wednesday, despite the industry standing to benefit from a weaker currency.

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