Toyota looks set to be hit the hardest among Japanese exporters

The bigger the company the more money it can lose. It's all relative. If it's not the financial aspects of it then it's recalls or sales (which has plagued ToyoLexus). As the biggest player you always want to look ahead and see what the people want in their next car that other brands don't have or don't do so well. The more Toyota expands their portfolio the more risk they are putting themselves in. It goes for any firm.

— Agent63 (View Profile)

Posted on 11/28/2009 10:17:42 AM | reply to this comment | Votes: 3   

Toyota can't control currency fluctuations and the Japanese gov't doesnt' manipulate its currency (as much as the UAW wants to believe) like Korea and China. As the biggest car exporter in Japan, when the Yen rises in value, they lose the most, when the Yen falls, they win the most.

— huu76 (View Profile)

Posted on 11/28/2009 11:17:29 AM | reply to this comment | Votes: -1   

http://www.automotive.com/auto-news/02/27417/index.html

— 1UAW (View Profile)

Posted on 11/28/2009 6:40:44 PM | reply to this comment | Votes: 1   

Attacking Toyota is a lot easier than attacking China and the Ministry of Walmart. The trade deficit with Japan is small compared to the deficit with China.

Japan's currency has appreciated 25+% in the last year and the big 2.5 is still getting smoked by Toyota and Honda.

How many jobs has Japan stolen vs how many Walmart and company have given China?

Your 2yo article basically means nothing. If you go back about a decade or so, the Yen used to trade at around 200 Yen to 1 USD. Historically, the "manipmulation" that unions cried about from 2007 are quite low.

Try again.

— huu76 (View Profile)

Posted on 11/29/2009 12:13:53 PM | reply to this comment | Votes: -2   

uaw,
History lesson for you, the United States' trade in the 19th century focused around providing goods at a lower cost than Europe.

Speaking of lack of economic knowledge, ask the workers in Flint Michigan how they felt when GM (already profitable) decided to ship their jobs to Mexico back in the 80s.

Most Asian countries manipulate their currencies, you won't hear me argue that, but they do knowing full well Americans will abandon their country if it means an extra 25cents off that t-shirt.
Rather than beating on your best ally, maybe Americans and the UAW should grow some balls and take on the countries/companies that are gutting your industrial power. Sorry if Walmart doesn't provide aisles of Walmart crap for your shopping pleasure, you might ease off them a bit if they did.

— huu76 (View Profile)

Posted on 11/30/2009 7:39:49 PM | reply to this comment | Votes: 1   

The plants in Mexico have any Americans working in them, ALL Asian countries cheat to get ahead economicly. Walmart can go away when my country starts making our own goods once again.

— 1UAW (View Profile)

Posted on 12/1/2009 3:47:13 AM | reply to this comment | Votes: 1