Obama Should Punish Japan for Weak Yen Policy, Car Group Says
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President Barack Obama should tell Japan’s new government that the U.S. will retaliate for policies aimed at weakening the yen, a group representing Ford Motor Co., General Motors Co. and Chrysler LLC said.
Japan’s Liberal Democratic Party, which reclaimed power last month, has let the yen continue its slide against the dollar, making U.S. auto exports relatively expensive, the American Automotive Policy Council said yesterday in a statement.