Marubeni CFO says expects a limited impact from the Bank of Japan rate hike

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.