Japanese small businesses will help get more profits at the expense of weakening the national currency

Despite the fact that the Japanese government and central bank have begun to pursue a policy of stabilizing the national currency, a small business of the country believes this event is somewhat belated and inappropriate. Currency intervention is considered by many in Japan's small business start realized too late. So, from the words of many SMEs, they would have been glad if measures to stabilize exchange rates increased sales of small businesses. Moreover, they note that an overvalued yen has led to the fact that entrepreneurs are no longer receiving income earlier. Their profit was reduced by ten times. If we compare the incomes of small businesses in the pre-crisis period, they are significantly higher than the real thing. Analysts believe that the blame an overvalued national currency, and only its stabilization will help restore the economy. Source: "Earnings of small enterprises has decreased after the change of office last fall." However, many entrepreneurs say that it would be appropriate to make an intervention much earlier. But, despite the fact that, according to the PSC, the stabilization of the national course started late in the day, this direction of policy and finance of the country approved as a positive. Thus, the depreciation of U.S. dollar against Japanese yen may cause damage to only one small business for about 1 billion yen per year. Remember that in the first half of September, the Japanese government has determined that the amount of 82 yen per 1 U.S. dollar should be the limit. In this case, it should be noted that today the dollar in Japan is about 85 yen. Thus, the weakening of the yen, which, contrary to previously established policies, began to operate in Japan, should increase the profitability of small and medium-sized businesses.