Japan Business Leaders Push Exchange Recalibration Plea Over Weak Yen

Japan’s top business leaders have issued an exchange recalibration plea to the government amid growing economic strain.
They warned that currency weakness continues to raise import bills for households and companies.
As a result, everyday costs now weigh heavily on families and smaller firms.
Yoshinobu Tsutsui, head of the powerful Keidanren group, spoke to domestic media this week. He acknowledged that exporters often gain short term benefits. However, he stressed that long term national strength matters more.
From that perspective, gradual adjustment would support economic balance.
Therefore, leaders want policies that protect both growth and stability.

Why businesses want a shift

The local currency struggled throughout 2025, even as the dollar softened globally.
This underperformance surprised markets, especially after two rate increases by the central bank. In addition, uncertainty around future policy moves limited recovery hopes.
Inflation pressures also played a role.
Recent price rises helped policymakers justify the last rate hike. However, unclear timing of further steps continues to unsettle confidence.
By year’s end, the rate hovered near levels that once triggered official warnings.
Officials had previously hinted at support measures under similar conditions.
Japan last intervened directly in mid-2024 after historic lows shocked markets.

Small firms feel the strongest impact

Ken Kobayashi, who leads the national chamber of commerce, echoed these concerns.
He highlighted rising costs for raw materials used by small and mid-sized firms.
For example, overseas sourcing now strains already tight budgets. According to him, prolonged pressure has fueled frustration among business owners.
Many feel powerless against global forces beyond their control. Therefore, he urged authorities to restore confidence through clearer direction. Leaders believe thoughtful action could ease inflation and stabilize expectations.
They also argue that predictable policies help businesses plan better. In the long run, that clarity supports inclusive and sustainable growth.