0132 GMT [Dow Jones] Japan firms' expectation in Tankan survey of USD/JPY rate for FY2008 of 109.21 (pair now at 99.78) may be too optimistic, so profit, sales outlooks may be cut ahead, says Shinko Research Institute Norio Miyagawa. Other economists have said if JPY surges going forward, Japanese firms won't be able to respond in timely manner, a negative sign for employment, wages ahead; some FX strategists say USD/JPY may test 90 in 1H of fiscal year.(TMO)
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(END) Dow Jones Newswires
March 31, 2008 21:32 ET (01:32 GMT) | 
