Analysts expect that it will be difficult for the domestic players to pass on the impact of appreciating JPY to consumers owing to eroding purchasing power of the consumers in the backdrop of deteriorating macros.
PSMC has emerged as the worst affected by JPY appreciation.
Contributions of JPY 30m will be made each year over 3 years starting in June 2014, totaling JPY 90m.
It is part of a larger JPY 600m (USD 6.0m) plus commitment made by The Prudential Foundation to support relief, recovery and rebuilding in the aftermath of the disaster.
using its contacts with several JPY
LIBOR panel banks that did not participate in the infringements, with the aim of influencing their JPY
LIBOR submissions (UBS/RBS 2007, Citi/DB 2010 and Citi/UBS 2010 infringements); and
Software and Services revenue from Japan grew 8.5% to JPY 307.8bn ($2.88bn), but sales from overseas, including the former ICL operation, fell 5.7% to JPY 128.3bn ($1.2bn), which it blamed in part on the impact of currency conversion and the sale of several European operations.
Revenue from the Platforms division grew 5.9% to JPY 373.8bn ($3.49bn), which was driven by a 25.1% growth in revenue from servers to JPY 84.6bn ($791m).
traded on a firmer footing, with risk appetite waning amid fresh concerns over the global growth outlook after the recent U.S.
The USD-JPY and JPY
crosses came under steady selling pressure in Asia as worries over the global growth outlook dominated in the wake of the recent bout of poor unemployment data, culminating in the U.S.
My picks: Looking for Chance to Sell JPY
Crosses Expertise: Fundamentals Combined With Technicals Average Time Frame of Trades: 1 Day - 1 Week In the very near-term, the JPY
crosses appear to have some upside potential, and one of the pairs I'm watching is AUDJPY, as a push above the recent highs at 78.25/38 is likely to be followed by a test of the June high of 80.45.
traded on a softer footing, with a pick up in risk appetite encouraging heavy speculative activity.
USD/JPY and the JPY
crosses firmed up amid good Japanese investor demand.