japanese yen

Akio Toyoda, president of Toyota, has stated that the Japanese automaker is planning to revise its earnings forecast due to the fact that the Yen has reached a 15-year high. The full-year profit forecast was based on a rate of 90 Yen to the US Dollar. It will be reduced to around 80 Yen to USD. ...

We can't even pretend to know the first thing about currency manipulation, so we won't bother trying to explain how artificially depreciated currency can help imports into the U.S. market. But American manufacturing groups have long accused the governments of China, Japan and South Korea of ...