SmrPants44
Well-Known Member
“If the exchange rate becomes increasingly unfavorable, we would simply have to transfer more production overseas, cut more temporary workers and even start laying off permanent jobs,” Fukui explained.
“Beyond that we could switch to importing more cars into Japan, bring research and development facilities overseas, and in an extreme scenario move our headquarters offshore. It would cause nothing short of a hollowing out of Japanese industry.”
http://www.leftlanenews.com/ceo-strong-yen-weak-sales-could-force-honda-to-leave-japan.html
I'm sure its all posturing, but the CEO of Honda threatened to move HQ out of Japan if the Japanese government continues to do nothing about the rising value of the Japanese Yen.
