- Will try to raise car prices to counter yen but says not easy given Korean competition
- Will protect market share in US through incentives, but won’t compromise profitability
- Strong yen may mean manufacturing could indirectly shift out of Japan through components
- Will try to fight yen strength by buying more parts from abroad
- Japan govt, BOJ inaction sends message that companies should make own efforts to fight yen strength
- Wants Japan govt to do more to stem yen rise
These comments have just come up on Reuters.
Interestingly I had just finished reading on Bloomberg, that Toyota has raised its full year profit forecast. Now may post 390 bln yen in net income for the year till end of March compared to earlier forecast of 280 bln. Go figure.
