Masahiro Kato states that, in Japan's interest, the yen needs to appreciate further

On Wednesday, Masahiro Okafuji, Chairman of the Japan Foreign Trade Council and Chairman & CEO of ITOCHU Corporation, stated that the yen needs to further appreciate for the benefit of Japan. Although the industry would gain from a weaker currency, the head of the industrial body representing Japanese trading companies said on Wednesday that, for Japan’s benefit, the yen still needs to strengthen further.