Small businesses in All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All Japan news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news may go elsewhere due to strong yen

7 years ago by in Around the world

All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All Japan news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news may find small businesses out of the country if the yen continues to be at high levels against the dollar, a government survey revealed.

The Small and Medium Enterprise Agency administered the survey to ninety small and medium-sized enterprises nationwide.

Results of the survey showed 73% of respondents stated that the current exchange rate of 77 yen to a US dollar cut down their profits.

Twenty-eight percent (28%) would likely increase their overseas production if the ongoing exchange rate continues for the next 6 months; while 17% said they would move their research and development and production bases abroad.

Thirteen percent (13%) revealed that foreign countries have proposed for favorable conditions such as giving tax breaks and free electricity in a bid to attract these small businesses to move their manufacturing bases to said countries.

The chances of small and medium-sized businesses shifting to other countries are increasing with the present condition of a strong yen reaching record-high levels in the currency market, expressed the industry ministry. The ministry added it will undertake a study of measures that would influence All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All Japan news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news’s small businesses to stay in the country.

Earlier, the All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All All Japan news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news news newsese Finance Ministry announced a $100 billion government program to help weaken the yen and improve the country’s economic conditions.

Photo by: Kobabou

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