Cost Cutting And Weak Yen Attribute To Japanese Automakers Record Profits

The weak yen is only one reason most Japanese automakers are making money more quickly than they can count it, industry analyst Chris Richter says.

Bolstered by a yen trading about ¥120:$1, down 27% since the end of 2012, as many as five automakers are on track to report record earnings in the fiscal year ending March 31.

But years of deep cost-cutting, consolidating platforms, expanding production outside Japan and pinpoint focus on product planning also have lifted the companies out of the depths of the recession triggered by the 2008 collapse of Lehman Brothers, says Richter, of CLSA Asia-Pacific Markets.

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HughJass - 3/25/2015 4:42:11 PM

+1 Boost

Really? What a shocker. We're the only country in the world that actually likes having a strong currency. Everyone else is too busy turning their money into toilet paper so us uneducated fatty Americans can have cheaper exports at Walmart.