Japanese Executives Call for Government Steps to Bolster Yen

Japanese financial authorities should consider conducting coordinated currency intervention with other countries to support the yen, the head of the Tokyo Chamber of Commerce and Industry said.

Small and mid-sized Japanese companies are suffering from the rising costs of imported materials as the yen trades near a 34-year low against the dollar, TCCI Chairman Ken Kobayashi said Wednesday in a press conference, Kyodo News reported.