Ghosen Says Japan Needs To Manipulate The Yen Or Domestic Production Will Be Forced Out

Nissan Motor Co Chief Executive Carlos Ghosn said the Japanese government's efforts to rein in the rise of the yen had failed, forcing manufacturers to reduce investment in Japan and shift output elsewhere.

"If the Japanese government wants to really safeguard and develop employment, then something has to be done," Ghosn told Reuters in an interview in New York. "We have been talking about this as an industry for a while. Unfortunately, it keeps happening. It looks like whatever effort has been done so far has not delivered results."



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Agent009 - 9/27/2011 2:53:59 PM

0 Boost

Isn't that why the automakers started moving plants to Mexico in the 1990's?

Cheaper production costs, I don't recall the Feds trying to manipulate the dollar at that time. I guess the Japanese are just now realizing world economics and not liking a level playing ground.

Fijian - 9/27/2011 6:21:52 PM

-2 Boost

For so long Japan has protected its Auto industry but now it will hurt.

1c3am5 - 9/28/2011 11:42:09 AM

+2 Boost

I can only boost this once, so I'm also quoting it. So sad I had to boost it from a -1 because people don't like learnin' stuff they dun't no.

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Bbbbbbbuuuuuuuttttttttttt, iiiii ttttthought the Japanese were pure capitalists that didn't get government help. This can't be true!