Textile Exports to Middle East Inquiries Increase as the Yen Weakens

摘要

With the weakening of the Japanese currency, inquiries have increased from Middle East buyers. The buyers say that they want to purchase Japanese fabrics if the dollar-based prices could be made lower due to the weak yen, so the benefits of the weak yen are expected to be felt from October shipments. According to trading firms and textile manufacturers, export contracts increased as the Japanese currency weakened to the latter half of the 90-yen level against the U.S. dollar, and contracts for fabrics for Arabian clothing were made up to September or October shipments. However, it is difficult to say that the benefits of the weak yen were enjoyed in terms of profits.