Market Report - Asia up on Dubai
limit the yen's gains. The Bank of Japan says foreign exchange hawk instability could pose a risk to Japan's economy, but left interest ...
Strong Yen: A Health Warning for Industry, Executives
As the yen rises, so does Toshiyuki Shiga’s blood pressure.
While Japan’s new government takes shape, with tackling the currency’s strength a key challenge, the chairman of Japan’s Automobile Manufacturers Association – and Nissan Motor Co.’s chief operating officer in his day job – is only too aware of the pain the yen’s climb to record levels is inflicting on the country’s car makers. And yet he knows full well that as the serving chief representative of Japan’s most influential auto industry group, he has to be measured in his comments even though he perceives a serious threat to Japan’s entire economy.
“I know I myself get so excited when I start talking about the yen,” Mr. Shiga said at a briefing on the yen’s strength this week, bringing some levity to an otherwise deadly serious discussion of the perils of foreign exchange.
The yen isn’t simply a threat to the auto industry’s ability to resist pressure to move production out of the country, Mr. Shiga said. A stronger yen undermines the price competitiveness of vehicles built in Japan overseas; if ultimately that accelerates the hollowing out of auto production, that would leave the jobs of roughly 10% of the country’s overall working population at risk, he said.
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Corporate Foreign Exchange Practices Weather Wide-ranging Calamity
NEW YORK, December 3, 2009…Applied foreign exchange guidance practices have shown strange spring through the late turbulence in broad fiscal markets, and most firms have hand their cognate processes unchanged, according to a piece released today by The Bull session Room, the worldwide, bold matter membership and inspect guild working in the community interest.
“Though firms the feeling the crash of increased exchange percentage volatility on their businesses, they aren’t changing their hedging strategies in reply to the higher risk,” says Rainer Schultheis, flaw president and managing concert-master for The Seminar Ship aboard Europe, Heart East & India, and initiator of the communication. “Most firms bring off foreign exchange risks proactively and successfully avoided many nullifying surprises in profits or specie flows, which has been particularly significant premised up to date solvent conditions.”
The new piece is based on a 2008 scanning of 227 worldwide companies, and a 2009 pulsating evaluate to appraise the burden of the monetary critical time. It confirms a key conclusion of a 2004 scrutinize by The Talk Feed, decree that firms still look predominantly at the transactional side of foreign exchange risk, with only a few heedless of exchange place volatility among key criteria when evaluating critical investment projects.
“There’s no distrust that reducing the smash of foreign exchange risk is grave and a edible way to fabricate value for the settle down. The uncertainty is whether companies should reckon adding capabilities with an eye to seeking additional returns or even to gaining sustainable competitive edge,” says Schultheis.
...foreign exchange risk in nissan - News
Strong Yen May Force Japanese Auto Makers to Rethink Export Strategies
Maintaining hulking auto exports from Japan would mean retaining substantial foreign exchange risks. But by a hair's breadth how big a bite would be taken from the auto
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