Train wreck on 26 December 2012
Yen is continuing its slide now that abe has been officially sworn in.
Seems different Japanese broakage houses are starting to upgrade different sectors of the japanese economy with autos first. Hopefully consumer electronics are next (even though their problems are drastically different)
Noruma:
The research house calculates that every one yen softening the Japanese currency against the U.S. dollar improves the operating profit at Honda by $187.4 million, while Mazda’s rises by $41 million. At Toyota the effect is even bigger, jumping $410 million
so going from 75-85 yen, toyota's operating income is up by 4 billion dollars, crazy.
