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Nissan To Boost Home-Grown Japanese Production: Ghosn

Renault-Nissan Alliance CEO, Carlos Ghosn, said the time is right for Nissan to boost production out of its home-country factories in Japan. Speaking with US industry paper Automotive News, Ghosn credited the Japanese government for moving to weak


Renault-Nissan Alliance CEO, Carlos Ghosn, said the time is right for Nissan to boost production out of its home-country factories in Japan.

Speaking with US industry paper Automotive News, Ghosn credited the Japanese government for moving to weaken the value of its Yen to ensure Japanese manufacturing could remain competitive.

The Yen has dropped around 22 percent against the US dollar over the past 12 months. With this improved competitiveness, Ghosn said a rethink of the benefits of local production for Nissan would see output boosted over the next two years.

“Fortunately today, we are way above 100 yen (to the US dollar), so we can compete,” Mr Ghosn said.

“Our production in Japan is increasing and will be increasing steadily for the next two years. Now it makes sense, because the yen has become much more reasonable.”

Mr Ghosn said the previously-high value of the Yen was the only obstacle to increasing Japanese production, praising the Japanese government's actions in pushing down the value of the Yen against the US dollar.

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