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Article: Yen's slide has new critic in president of Honda.
- Article from:
- Australasian Business Intelligence
- Article date:
- February 10, 2002
CopyrightCOPYRIGHT 2002 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Feb 8, 2002 (The Asian Wall Street Journal
ABIX via COMTEX) -- Some business leaders in Japan and elsewhere are expressing the view that the Japanese currency has fallen too much. One of those is the chief operating officer of Ford Motor, Nick Scheele, who warns that the downturn in the Japanese currency presents benefits for the automobile manufacturers in Japan on a long-term basis. Scheele says that the situation affects the entire automobile industry, worldwide. Honda Motor recorded a net profit of Y82.2bn for the third quarter of 2001-2002. The president of Honda Motor, Hiroyuki Yoshino, also believes that the Japanese currency should be higher and that the ...