Toyota president says current yen level too strong


TOKYO, Dec 19 (Reuters) - Toyota Motor Corp President Fujio Cho said on Friday he thought the current yen level of around 107 yen to the dollar was too strong considering Japan's economic fundamentals.

Asked about his outlook about the yen next year, Cho told a year-end news conference: "The Japanese economy and its fundamentals are not strong. In that sense, the current rate of around 107 yen is a little too strong."

The dollar traded at around 107.60 yen in late Tokyo trading on Friday.

Toyota is assuming a dollar rate of 105 yen for the October-March fiscal half year.



Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×