A Weak Yen Spells Trouble.docVIP

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  • 2017-06-11 发布于北京
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A Weak Yen Spells Trouble.doc

A Weak Yen Spells Trouble   There’s plenty of anxiety to be found inside a two-story building along Beijing’s fifth ring road to the city’s far south. The building belongs to Beijing Changhao Foodstuff Co. Ltd., a small firm that produces and sells frozen stuffed buns to Japan. But a quickly depreciating Japanese yen is having a harmful impact on business, and the company now faces the real possibility of shutting down.   “For each bun sold to Japan, we charge 2.5 yuan ($0.4). At the end of March, the Japanese importer required a price cut of 15 percent. This is unacceptable for us. Our gross

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