Reply to "The Effect Currency Evaluations have on the MFP industry"

SalesServiceGuyMaven VIP

The Japanese Yen has reached a 15 year high against the USD forcing all Japanese companies to intensify their efforts to manufacture their products abroad.

Japan Iron and Steel Federation Chairman Eiji Hayashida said at a regular press conference that an exchange rate of around 90 yen against the dollar is appropriate for fair global competition.

"The (current) exchange rate in the 81 yen range is very harsh when (Japan's) present economic conditions and the competitiveness of (Japanese) companies are considered,"

10/26/108:23 AM

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