Ghosn Says New Brazilian Plant Is The First Step Towards Moving Production Out Of Japan

Carlos Ghosn, chief executive officer of Nissan Motor Co., said Japan faces a “hollowing out” of its industrial base should the government fail to take steps to counter the yen’s rise.

“I have spoken to the prime minister about this directly,” Ghosn said in an interview from Rio de Janeiro yesterday after Yokohama, Japan-based Nissan announced a new $1.4 billion auto plant in Brazil. “If Japan wants employment, you’re going to have to do something about establishing a normal exchange rate.”



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topneuro - 10/7/2011 4:13:24 PM

+2 Boost

HYLYFM!!!

valhallakey - 10/8/2011 3:26:27 PM

+2 Boost

In other words cheapen the currency and make everyone in Japan much poorer so they can compete with China/Brazil/CheapLaborLandDictatorEnforced in the end.