Toyota Motor president Fujio Cho is apparently unconcerned at the Japanese yen’s current relatively high value against the US greenback.
Speaking at the launch of a new minivan in Japan he reportedly said: “There were times when the yen was much stronger. We don’t see a serious impact on our business from the current exchange rate levels.”
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Cho emphasised Toyota#;s long-held view that 110 to 120 yen to the dollar was about right, reports from Japan said.
