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The Bank of Japan was not afraid of the depreciation of the yen, and the yen fell below the 157 mark!
The US dollar broke through 157 intraday against the yen, reaching the 157.21 line, rising more than 1% in the day. This is the first time since May 10, 1990, and has accumulated an increase of more than 11% so far this year. The governor of the Bank of Japan said that the impact of foreign exchange on the Japanese economy includes positive factors, and the weak yen has a positive impact on demand.
Japanese car companies have successively announced huge investment plans in North America to meet the growing demand for electric vehicles in the region. Honda announced that it will invest a total investment of 15 billion Canadian dollars in Canada, incl
Japanese car companies have successively announced huge investment plans in North America to meet growing local demand for electric vehicles. Honda announced that it will invest a total investment of 15 billion Canadian dollars in Canada, including investment from partner companies, to build electric vehicle and battery plants. The new electric vehicle plant is scheduled to be put into operation in 2028 with an annual output of more than 240,000 vehicles. Honda will also jointly invest in the construction of battery production plants with partner companies such as Asahi Kasei. Toyota Motor Corporation also announced on the 25th that it will invest 1.4 billion US dollars in the US to start a 3-seat electric sports utility vehicle (SU) at its factory in midwestern Indiana
Express News | Japanese car companies invest heavily in North America to boost electric vehicle production
Toyota Motor Investing $1.4 Billion in Indiana Plant
Toyota Motor (TM) said Thursday it plans to invest $1.4 billion in its Princeton, Indiana site to assemble three row battery electric SUV. The company's total investment in Indiana would reach to $8 b
Toyota Shares Are Trading Higher After the Company Announced a New $1.4 Billion Investment in Its Princeton Facility.
Toyota Shares Are Trading Higher After the Company Announced a New $1.4 Billion Investment in Its Princeton Facility.
Express News | Toyota Motor, China's Pony.ai Set up Jv, Plan to Provide Robotaxi Services in Japan's Big Cities - Nikkei
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