Japanese Firms Have Buffer Before Stronger Yen Hits Earnings

The yen’s sharp rally sparked a selloff in Japanese equities Monday but the currency failed to breach the level that many companies use as the basis for their profit forecasts,...

By Momoka Yokoyama and Kentaro Tsutsumi · Bloomberg Markets

The yen’s sharp rally sparked a selloff in Japanese equities Monday but the currency failed to breach the level that many companies use as the basis for their profit forecasts, giving stocks scope to rebound.