Rising Yen won’t Hurt Nissan’s Sales, says Ghosn

Nissan CEO, Carlos Ghosn, has predicted that Japan’s second biggest carmaker will achieve its sales targets, despite the yen’s 9.6% climb over the US dollar in the past year. However Ghosn admitted that the strength of the Yen may cause problems: “The high yen is definitely a headwind. What I worry about is not just Nissan, but Japanese manufacturers losing their motivation to maintain production in Japan”. Read more »