Car maker Honda will cut in half its exports from Japan over the next ten years, due to the high pressure of the strong yen, according to the company’s president.
The company sees clearly that Japan can no longer be the world centre of its production and exports, Honda president Takanobu Ito said in an interview.
He said that Honda currently exports about 30-40 percent of its domestic production, but it will reduce the amount to 10-20 percent. “It is hard to sell overseas while fretting over currency movements,” Ito said.
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