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The heads of Japan's two major economic groups said in an exclusive interview with domestic media that the depreciation of the yen has boosted import costs, put pressure on households and businesses, and called on the government to intervene. Yoshinobu Tsutsui, chairman of Japan's largest economic group, said in a joint interview with many domestic media that outsiders often place more emphasis on the positive aspects of the depreciation of the yen, such as boosting the profits of export companies. However, Japanese media quoted him as pointing out that from the perspective of the country's overall strength, “in the long run, it would be more beneficial to adjust the yen exchange rate in the direction of strengthening.” In another interview with domestic media, Ken Kobayashi, chairman of the Japan Chamber of Commerce and Industry, pointed out that due to the weakening yen, the cost of purchasing raw materials for small and medium-sized enterprises is rising. Since the weak yen is an important factor contributing to inflation, the government and the Bank of Japan “need to eliminate the sense of helplessness caused by small business owners importing raw materials from overseas,” he said.

Zhitongcaijing·01/01/2026 03:33:03
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The heads of Japan's two major economic groups said in an exclusive interview with domestic media that the depreciation of the yen has boosted import costs, put pressure on households and businesses, and called on the government to intervene. Yoshinobu Tsutsui, chairman of Japan's largest economic group, said in a joint interview with many domestic media that outsiders often place more emphasis on the positive aspects of the depreciation of the yen, such as boosting the profits of export companies. However, Japanese media quoted him as pointing out that from the perspective of the country's overall strength, “in the long run, it would be more beneficial to adjust the yen exchange rate in the direction of strengthening.” In another interview with domestic media, Ken Kobayashi, chairman of the Japan Chamber of Commerce and Industry, pointed out that due to the weakening yen, the cost of purchasing raw materials for small and medium-sized enterprises is rising. Since the weak yen is an important factor contributing to inflation, the government and the Bank of Japan “need to eliminate the sense of helplessness caused by small business owners importing raw materials from overseas,” he said.