The likelihood of a sharp appreciation of the yen is small according to the CIO of Nomura Asset Management.

September 6, 2024, 3:54 AM GMT+9 (excerpt)

Yuuichi Murao, the Chief Investment Officer (CIO) of Nomura Asset Management, indicated on the 5th that the likelihood of the yen sharply rising in the future is small. The current appreciation of the yen suggests a slowdown in the growth of Japanese companies' profits.
Since sinking to its lowest level in 38 years in July, the yen has risen by over 10%. Currently, it is trading around 144 yen to the dollar, causing significant damage to many major exporting companies that make up the Nikkei Stock Average.