Japan’s strengthening yen, which reached an all-time high of ¥75.95/$1 on Aug. 19, is increasing fears among auto makers that the vital industry may “hollow out.” In a request for help from Prime Minister Yoshihiko Noda, Japan Automobile Manufacturers Assn. Chairman Toshiyuki Shiga cites “a host of urgent, core issues” facing Japan, including post-earthquake and tsunami recovery and reconstruction, resolution of the nuclear crisis and halting yen appreciation. “Paramount among our ...
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