Marubeni said it welcomes a stronger yen as it works to carry out its $12 billion investment plan. According to Sina Finance, the Japanese trading house said a stronger yen would give it greater purchasing power for overseas acquisitions.

Marubeni President Masayuki Omoto said, "We hope the yen strengthens significantly." He also said a stable exchange rate would be preferable because sharp swings make business planning more difficult.

Marubeni raised its investment plan last week, lifting total spending, including capital expenditure, to 1.95 trillion yen, or $12.23 billion, through the three fiscal years ending March 2028. It said about $5 billion has been set aside for new investments during the plan period.

The company said it plans to keep expanding its Helena Agri-Enterprises business, including through acquisitions, and to narrow the gap with Nutrien's agricultural solutions unit. Omoto said a single deal could exceed 100 billion yen, or $627 million, if Helena or another business presents a good opportunity.

Marubeni also said it is expanding into natural gas after acquiring Dallas-based gas developer EagleRidge Energy II in June to meet rising power demand from artificial intelligence data centers. It is also pursuing smaller investments for long-term returns, including D-Orbit and Skeleton, while selling power-generation assets with limited growth potential.