Japan auto lobby head: yen still is very strong

Newswire

TOKYO, Dec 20 (Reuters) - The yen remains very strong against the dollar and the euro even after the Japanese currency's recent weakening, the head of Japan's auto lobby said on Thursday. The yen has dropped on expectations that Japan's next prime minister, Shinzo Abe, will pressure the Bank of Japan to adopt aggressive monetary easing. "This is merely a correction of yen strength. Even now, the yen is extremely strong," Akio Toyoda, who is also president ...

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