The Deputy Governor of the Bank of Japan stated that the strong yen has a negative impact on exports and the profits of large manufacturers.

On May 13, Gelonghui reported that Bank of Japan Vice Governor Shin'ichi Uchida stated: once the Global economy resumes an upward trend, the Japanese economy is expected to recover, which would elevate the potential inflation level and inflation expectations. The uncertainty surrounding our forecasts is extremely high, so we will approach the determination of whether our forecasts will be realized with an open attitude, without setting expectations in advance. A strong yen negatively impacts exports and profits of large manufacturers, but at the same time improves households' real income and boosts retailers' profit growth by lowering import costs. Rapid fluctuations in the Forex market make it difficult for businesses to formulate operational plans, increasing uncertainty.