The Yen Strengthened &Nbsp, And Several Families Were Unhappy.
When it comes to Japanese yen's influence on Japanese manufacturers, it is painful and painful.
This is against Japanese exporters' need to protect and avoid being affected.
foreign exchange market
General view of impact.
In fact, the tolerance of these companies to yen is not as weak as investors think.
Since the beginning of May, the Japanese yen has appreciated by more than 11% against the US dollar, prompting investors to flee the Japanese stock market.
On Tuesday, with the US dollar breaking the 85 yen limit against the Japanese yen and the yen rising to a high of nearly nine years against the euro, the Nikkei average fell to a 15 month low.
The impression of a deal like this is that Japanese manufacturers are trapped.
crisis
。
In fact, according to Daiwa Institute of Research, for the entire industry sector, the annual operating profit will not begin to decline compared with the year ended March until the US dollar reaches 80 yen against the Japanese yen.
This level is close to the nominal high point of yen's history.
However, profits will not be obliterated until the yen is stronger than 1 yen to 67 yen.
One reason is that the processing industry will actually benefit, because the stronger yen will reduce the cost of imported raw materials such as oil and grain.
It is also because 40% of Japanese export trade is settled in yen.
For these industries, exchange rate fluctuations will not bring risks to the announced profits.
However, not all fields are buffered.
If the US dollar stays at 84 yen against the yen, the profits of auto makers will begin to slide.
But even in the auto industry, some companies are better off than other companies.
For example, compared with Toyota Motor, Nissan Motor has a higher proportion of car production in the United States, so the stronger yen has less adverse effects on Motor.
Nissan also sells an entry-level car from Thailand to Japan so that it can make profits from the yen's strength.
In addition, Nissan's third largest market is Europe.
Sale
Most of the cars are manufactured in Europe.
Deutsche Bank said that in the first quarter of June, the total loss of the euro was $13 million.
Japan is facing some long-term adverse factors when companies are operating to avoid damage in the yen.
Capital outflows and high paid jobs will be a problem when manufacturers shift more production overseas.
Moreover, the strengthening of the yen means that Japan is importing deflation, after which Japan has suffered 10 years of price declines.
However, a problem that investors are very concerned about - the impact on earnings - may not happen soon.
- Related reading
&Nbsp, The Lowest Paid Garment Worker In The World, Faces A Huge Salary Pressure From Many Countries.
|The Price Adjustment Of The National Development And Reform Commission Is "Going Up Or Down" And Gradually Marketization.
|Knitting Machinery Automation Level Is Gradually Increasing &Nbsp; &Nbsp; Integration Link Must Be Strengthened.
|- &Nbsp, The Lowest Paid Garment Worker In The World, Faces A Huge Salary Pressure From Many Countries.
- Two Rooster Disputes In Garment Industry
- New Process Of Environmental Protection In Fashion: Zero Waste
- Machine Pformation: Machine Battle Of "World Factory"
- The Ten Major Home Textile Marketing Strategies Most Applicable To China
- The Price Adjustment Of The National Development And Reform Commission Is "Going Up Or Down" And Gradually Marketization.
- Clothing Industry 6 Yuan Han Style Clothing: Low Price, Fashion Leading Concept
- Fur Elements Were Added To The 2010Ohnetitel Autumn And Winter Series.
- The Trend Of Cotton In The First Half Is Difficult To Predict.
- Chinese Children'S Wear Recall: This Is A Problem For The Whole Industry.