Japanese Firms Shun Yen Repatriation, Opting Instead For Overseas Expansion

Japanese exporters are increasingly reluctant to convert overseas profits into yen, leading to less yen buying during Tokyo trading hours
Many exporters now want to use foreign currency earnings to expand overseas instead of bringing profits back to Japan
Yen selling has outpaced yen buying for 3 straight years from 2021-2023, contributing to the currency's decline
The trend of net yen selling during Tokyo hours and the yen's fall is continuing in 2024
Japanese businesses are eager to expand abroad, so they prefer using profits for overseas expansion rather than repatriating earnings