Stronger yen hits ex­porters

The Myanmar Times - - International | Business -

Tokyo’s bench­mark stock index closed lower in thin trad­ing yes­ter­day, snap­ping a two-day rally ahead of a public hol­i­day with the stronger yen hit­ting ex­porters in­clud­ing Toyota and cos­met­ics maker Shi­seido.

The make-up giant was the lat­est Ja­panese firm to warn that a sharp rise in the yen was hit­ting prof­its, as the coun­try’s quar­terly earn­ings sea­son draws to a close.

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