Honda to leave Japan?

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    The Head of Honda Motor Co. has warned that his company could leave Japan if the Japanese government refuses to take measures to halt the strengthening of the yen:

    “If the government is saying, ‘We don’t care about the export industry’, then that’s fine — we’ll act accordingly,” Chief Executive Takeo Fukui told a small group of reporters in an interview on Friday.
    [...]
    “If we go beyond (100 yen), we would simply have to transfer more production overseas, cut more temporary workers and even start laying off permanent jobs,” he said.

    “Beyond that we could switch to importing more cars into Japan, bring research and development facilities overseas, and in an extreme scenario move our headquarters offshore. It would cause nothing short of a hollowing out of Japanese industry.”

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