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Nikkei Asia
Japan's multinationals take the win from weak yen
Japan's multinational corporations are reaping significant advantages from the recent depreciation of the yen. The median expectations among Topix companies for the yen to dollar exchange rate have shifted from 150 to 154, reflecting growing concerns over currency weakness. This trend has prompted many firms to revise their earnings forecasts upwards during the latest earnings season, indicating a positive outlook for businesses benefiting from export activities.
MonitorConfidence: MediumShort term horizon
Published 10 Aug 2026, 20:20 UTC1 min read
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Summary
TL;DR
- Weak yen is benefiting Japanese multinationals financially.
- Median yen-expectation is now at 154 to the dollar.
- The yen has recently dropped to over 160 against the dollar.
- Many companies have revised their financial forecasts upwards.
- The trend signals growing concerns about currency depreciation.
Interesting facts
- Japanese companies typically perform better when the yen weakens as export advantages increase.
- This marks a notable shift in currency expectations among major corporations.
What changed