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Japan auto lobby wants government to counter strong yen

Japan auto lobby wants government to counter strong yen

SYF77

Entry posted by SYF77 ·

637 views

How do you feel when you see VW rims on Skoda?  

23 members have voted

  1. 1.

    • Indifferent ...
      9
    • Owner of the Skoda couldn't find Skoda rims
      5
    • Owner tries to disguise the Skoda as a VW
      9
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[extract]

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Japan's auto lobby urged their government and central bank to quickly take action to counter the strong yen after it hit a seven-month high against the dollar. The currency has strengthened to under 78 yen per dollar from more than 120 yen five years ago.

 

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With a strong currency, it is more costly to purchase Japanese products and squeeze the car makers


5 Comments

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Mustank

if coe continues to be so high, i will change my nick to Bustank because i am taking bus [:(][bigcry][bigcry][bigcry]

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Heartbreakid

Cost cutting, no revolution in design and engine... And coupled with price hike due to strong yen... Looks like the Japanese are going to hit a nail to their own coffin soon.

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