Welcome Guest [Log In] [Register]
Welcome to the Dorset Japanese Old Crew. We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!

If you had membership on the Original DJCC Forum then that account should still be active on this forum and you can log in below using your old username & password.

If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Honda Could Move Headquarters Outside Of Japan
Topic Started: Dec 25 2008, 11:43 AM (113 Views)
rob99
Member Avatar
Dead rising
[ *  *  *  *  * ]
Quote:
 
Corporate posturing or not, Honda's Takeo Fukui made his opinions perfectly clear regarding the Japanese government's recent lack of currency manipulation. Fukui, CEO of Honda Motor Co., suggested that the yen's rise in value relative to the currency in the United States and Europe is causing major damage to the automaker, and he's willing to take drastic measures to stop the hurt, including relocating the automaker's corporate headquarters to another country. Other possible actions include a major reduction in workforce, including the type of permanent lay-offs that the automaker has typically avoided in the past, as well as moving more production out of Japan and into overseas markets.

Fukui might get exactly what he wishes for, as many economists are predicting that the yen will sink in value in relation to the dollar within the next few days. If not, many, like Fukui, are calling on the Japanese government to step in and devalue its currency for the first time in four years.


Source
Everyone you meet is fighting some kind of battle.
Peter David Edwards. 15/10/1947 - 26/05/2008. R.I.P.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · Honda: News & Articles · Next Topic »
Add Reply

Free Domain Name Registration