Ford CEO Says He’s Concerned About Effect of Weakening Yen
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Ford Motor Co. Chief Executive Officer Alan Mulally said he’s concerned that the depreciation of the yen is bolstering the competitiveness of Japanese carmakers.
“The most important thing that most countries around the world believe in is letting the markets determine the currency,” Mulally said today from Bangkok in reference to the Japanese currency, during an interview on Bloomberg Television’s “First Up with Susan Li.” “That’s just so important to all of us in the international trading system.”