Honda to leave Japan?
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.”
- Akihabara News – Gadgetry from Japan (Subscribe)
- dannychoo.com – Your portal to Japan (Subscribe)
- Kirainet.com – A geek in Japan (Subscribe)
| Related Posts: |
Full RSS Feed
I work in the automotive industry in Japan and it’s NOT cool with the yen so high
Rate this comment:
0 
0
i dont know about the automobile industry, but even figures got more expensive with this strong yen
Rate this comment:
0 
0
Yes, letting a business blackmail a government – that’s a good idea.
Rate this comment:
0 
0
How humbling that would be to the Japanese economy.
Rate this comment:
0 
0
Good for them! Honestly I hope the auto companies screw over the government. In the end peope will hve no one to blame but their craptastic politicians who refused to support the Yens deflation. But everyone has to remember one big thing. The reason behind the Yen’s outrageous spike isn’t because the Japanese economy is doing so well, but because the American Economy is doing terribly! Everytime they make these stupid billion dollar bailouts, somebody has to secure the loan. So the US gov. sells bonds to the Japanese, and pretty counter our Foreign Exchange reserves. SO basically the Japanese have a ton more dollar now than We have Yen. Therefor the value is just crazy at the moment. This isn’t something thats going to change much sooner either.
You can’t quote me here guys: The day the worlds economy collapses is reckoning. It will be the day the Japanese economy sinks into Depression and the Japanese rush to sell the US bonds. Then all this monopoly money the US gov. is throwing out wont be valued squat. I give is 3-6 months.
Economist weren’t kidding when they said we havent felt the extent of the financial meltdown yet. Currency Exchange experts are going to have a field day!
Rate this comment:
0 
0
At the moment it is Honda threatening the government – i don’t live in Japan, nor have I been there for a holiday. I would love to go but it has always been out of my reach. If the other manufacturing companies leave, like they have done in my country, where will that place Japan’s economy? Will that lead to high unemployment? Will they then tell the foreigners working in Japan that they will be revoking their working visas as they want the jobs for the Japanese?
As for the previous Government in USA, they reacted like all governments react ie. they got buffed in the head by some terrorists, and they overreacted and totally destroyed a country that may never recover. AND allowed the death of who knows how many men and women & children.
Rate this comment:
0 
0
Good they knock some sense in those knuckleheads in the government!
The government needs a major reality check!
Japan needs to change too!
Would seriously hate to see Honda leave! We cannot let that happen! You think America would let GM go bankrupt even leave the country! I don’t think so!
We demand change!
Change is out there—look at Dubai and Shanghai for cry sakes!
If you go there, a recession is nonexistent!
Hopefully Obama will make the world a better place! If he’s another lying smooth talking lawyer then might as well get ready for the great depression. The worrisome thing is the world economy is so bad we haven’t even hit bottom yet!
Bush definitely messed us over bad!
If America and Japan don’t change then they will simply become third world countries, that would be most sad and that shouldn’t happen!
We can’t depend on the government 100%, the future is up to us too!
Rate this comment:
0 
0
Finally, They should do sth about that strong yen. Not only did figurines become more expensive but also games and everything else
Go Go Honda. I’m with you :]
Rate this comment:
0 
0
Japan should eliminate it’s Fractional banking and open the currency to privatization. What Honda is asking for is stealing people’s money through government made inflation. Yes it will help Honda in the short run until Obama jacks up tariffs, then the Japanese will be stuck with inflated currency.
Rate this comment:
0 
0
Honda has no intention of leaving Japan, they’re just trying to encourage the government to get a move on with helping them out.
Rate this comment:
0 
0
So if Honda pulled out of Japan, would they build up their US Plants? We already build the Accord here. Maybe this’ll be a good thing for some of the former employees of the big three.
Rate this comment:
0 
0
Actually, JC, besides the Accord, Honda also builds: Civic, Element, CR-V, Pilot, Odyssey, Ridgeline, Acura MDX, Acura RDX, and Acura TL in the US.
Rate this comment:
0 
0
Well just slashing jobs after jobs…there should be a better way instead of forcing people to lose their jobs! The employees need to do their share as well to assure the company is prosperous.
There are other ways to cut costs in tough times like this…
Hollowing out an industry? What a bad idea!
Dallas, Texas based Southwest Airlines is not deciding to
slash jobs despite tough times. As Southwest Airlines has said” Every employee has to make sacrifices to improve the companies bottom line”
Airline industry obviously is being deeply affected by this recession, but Southwest is an example of a true fighter and a solid business! That’s what we need over here in Japan!
Honda don’t leave Japan!
http://money.cnn.com/2008/12/09/news/economy/no_layoffs/index.htm?postversion=2008121111
Whatever happened to job security??? People need work! Jobs are necessary for economic well-being!
Employees are critical to any company! We should create jobs and promote job growth!
Makes no sense every company is just letting people go left and right!
Rate this comment:
0 
0