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.
How the Japanese Government Is Hurting Ford and GM
By Brendan Byrnes and Austin Smith
-
Apr 8, 2013 at 8:00PM
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NYSE: GM
General Motors Company

Market Cap
$52B
Today's Change
(-2.53%) -$0.91
Current Price
$35.09
Price as of May 24, 2022, 3:10 p.m. ET
Is this move by the Japanese government anti-market?
Stocks Mentioned

General Motors Company
GM
$35.09
(-2.53%)
$0.91

Ford Motor Company
F
$12.38
(-3.55%)
$0.46

Toyota Motor Corporation
TM
$160.47
(-0.55%)
$0.88

Honda Motor Co., Ltd.
HMC
$24.89
(-1.49%)
$0.38
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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