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TTAC: Carlos Ghosn: The Yen Is Abnormal, And We Won’t Live Much Longer With That Deviant

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Old 09-20-2011, 08:55 PM   #1
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Post TTAC: Carlos Ghosn: The Yen Is Abnormal, And We Won’t Live Much Longer With That Deviant

Carlos Ghosn: The Yen Is Abnormal, And We Won
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When we went on the plane this morning for the some 600 mile trip to see a Nissan plant in Kyushu, the southernmost of the four main Japanese islands, we asked ourselves: Why?

After all, the plant had been there since 1975. We soon should find out: Nissan CEO Carlos Ghosn went on a full frontal attack against the high yen, threatened several times that Nissan and most of the Japanese industry would pack up and leave, and delivered an ultimatum: “If six months down the road we are still in this situation, then this will provoke a rethinking of our industrial strategy.”...
For reference, take a look the exchange rate history at 1 us dollar in yen from january 1, 2008 to today - Wolfram|Alpha.
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