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Yen at 34-yr low after BoJ ends negative interest rate; these 3 Indian stocks may benefit

Money ControlMoney Control · 8m
Yen at 34-yr low after BoJ ends negative interest rate; these 3 Indian stocks may benefit

The weakening of the Japanese yen against the US dollar presents opportunities for auto-ancillary companies supplying components to Japanese automakers and Indian banks with exposure to yen. A weaker yen makes Japanese products cheaper in global markets and reduces import costs for Indian businesses reliant on Japanese goods and services. Sectors like electronics, machinery, automotive, chemicals, and FMCG may benefit from this exchange rate gain. For example, Maruti Suzuki, which has collaborations with Japanese companies, stands to gain from a weaker yen. Lumax Industries and JTEKT India, with royalty payments and transactions in yen, are also poised for favorable outcomes.

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