Japan’s biggest carmakers have suddenly come under pressure.
More than $173 billion has been wiped off Japanese stocks after the Nikkei fell 2.3%, while auto giants like Toyota and Honda dropped 4%, and Nissan and Suzuki lost between 3% and 6%.
The trigger? A rare Japan-US currency intervention that strengthened the Japanese yen. Here’s why a stronger currency is bad news for Japan’s export-driven auto industry.
#Japan #Toyota #Honda #Nissan #Suzuki #JapaneseYen #Nikkei #AutoStocks #StockMarket #BusinessNews #GlobalMarkets #Exports #Currency #Investing #NDTVProfit
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