From electronics makers to fishing companies, China's decision Thursday to abandon the yuan's peg to the dollar will affect a wide range of Japanese businesses over the long term, observers say.

However, for now, the impact will be limited, business executives and economists said Friday.

Under pressure -- especially from the United States, worried about its mounting trade deficit with China -- the People's Bank of China revalued the yuan to 8.11 to the dollar, effectively boosting its value by 2.1 percent.