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Showing results for tags 'yen'.
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[extract] Japan's auto lobby urged their government and central bank to quickly take action to counter the strong yen after it hit a seven-month high against the dollar. The currency has strengthened to under 78 yen per dollar from more than 120 yen five years ago. With a strong currency, it is more costly to purchase Japanese products and squeeze the car makers
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[extract] Very soon, we may not get Infiniti models that are manufactured in Japan. This is a pity but inevitable in order for the luxury car manufacturer to survive as the cost to build cars in Japan has risen due to the high Japanese Yen. The new Infiniti manufacturing base has not been selected yet but Nissan CEO, Carlos Ghosn, was quoted saying that both North America and China are under consideration. For the readers
