Marubeni CFO:
- Expect limited
impact on financing costs from BOJ’s rate hike - The yen’s
depreciation turning to appreciation due to monetary policies in
Japan and US was as we had expected - Weaker yen against
US Dollar and Australian dollar in April-June period contributed
about 9 bln yen to profit
USD/JPY update, another volatile day:
Marubeni Corporation is involved in
- importing and exporting (including third country trading)
- domestic business across a diverse range including lifestyle, IT solutions, food, agri business, forest products, chemicals, metals & mineral resources, energy, power, infrastructure project, aerospace & ship, finance, leasing & real estate business, construction, industrial machinery & mobility
- services
- investment
This article was written by Eamonn Sheridan at www.forexlive.com.
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