In this video, Motley Fool analyst Brendan Byrnes describes how global currency fluctuations are hurting U.S. automakers in their domestic market. The new Japanese government has enacted policies that devalue the yen relative to the dollar. This allows Japanese automakers, Toyota especially, to make more money off cars made in Japan. This also allows Japanese automakers to price their vehicles more competitively to U.S. cars. The devalued yen and consequent improved price structure for high-quality Japanese cars spells bad news for U.S. automakers.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
General Motors Company
Is this move by the Japanese government anti-market?
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.