By on May 31, 2011

Amazing quote in today’s Nikkei [sub]:

“Shares in Toyota Motor Corp. gained further ground Tuesday afternoon, after Moody’s Investors Service Inc. said during the lunch break it may downgrade Japan’s sovereign debt ratings.”

Welcome to the wicked world of global economics. The market is betting that the downgrade will make the yen cheaper (it did, you dollar buys a whole extra yen today), which in turn will give hard hit Japanese car exporters a little reprieve. They need it.

Now, U.S. auto industry, don’t get any ideas …

 

 

Get the latest TTAC e-Newsletter!

3 Comments on “Quote Of The Day: Japan’s Downgrade Raises All Ships...”


Read all comments

Recent Comments

  • Jeff S: @theflyersfan–My father went to law school at the University of Cincinnati with Marge Schott’s...
  • KOKing: All of this could just as well find/replace ‘Lancia’ with ‘DS’ and read more or less...
  • bd2: So then why is there a high cost of fuel all over the world, even in petrol rich countries like Mexico and...
  • bd2: Actually, the drop in Sonata sales in Korea played a larger part in the decision to discontinue it. It...
  • bd2: Actually, the drop in Sonata sales in Korea played a larger part in the decision to discontinue it. It...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber