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<p> Reuters monthly poll of Japanese firms taken August 31 - September 9:</p><ul><li> three quarters of Japan firms concerned about Taiwan crisis; slim majority have no plan to respond</li><li>58% of Japan firms see Taiwan crisis to affect their business relations with china</li><li>only 13% of Japanese firms expect yen at 141 or more vs dollar by year-end</li><li>majority cannot see inbound tourism recover; 20% see no return of demand to pre-pandemic levels</li></ul><p>Further on the yen:</p><ul><li>Asked how they expected the yen to move against the dollar by year-end, 45% of firms - the biggest chunk - pegged it at 136-140,</li><li> followed by 28% at 131-135</li><li>Some 11% put it at 126-130</li><li>3% set it at 120-125</li><li>Only 13% saw it weakening further from 141, meaning many firms could be put on the back foot if the currency were to weaken again. Separately, a slim majority of respondents want the yen to rise moderately while 28% want it to fall modestly.</li></ul><p>---</p><p>Larger Japanese firms, collectively Japan Inc. do have the ear of the government - they'll be making their views on the appropriate <a href="https://www.forexlive.com/terms/j/jpy/" target="_blank" id="9ad55131-b07a-4ccb-b844-eed2194cf434_1" class="terms__main-term">JPY</a> level well known. </p>

                This article was written by Eamonn Sheridan at forexlive.com.