Friday, September 06, 2013

Japanese yen drops to a month low, Japanese car makers see jumps of up to 3 per cent



Picture: Japanese customers wait in traffic



"The yen falls, so car makers in Japan rally. The pattern is as established as the sun rising in the east. A month low in the yen yesterday (Wednesday) produced 2 and 3 per cent jumps for Honda, Nissan and Toyota among other exporters"



Source: Japan must shift gear to revive China sales
The Lex Column
Financial Times
Australian Financial Review
Thursday 5th September 2013, page 25