You are here

Japan's Fast Retailing feels Brexit sting as yen strengthens

Company cuts its full-year net income forecast by 25% due to an estimated 37b yen in foreign exchange loss

Amid stagnant consumption in Japan, Fast Retailing has adjusted its pricing strategy with a promise to offer the "lowest possible price".


BILLIONAIRE Tadashi Yanai's Fast Retailing Co gave an early glimpse of the pain a rising yen is bringing to Japan's biggest companies since the UK voted to leave the European Union last month.

The company's shares jumped 15 per cent, the most since October 2009, after Asia's...