JAMA chairman demands devaluation of the Yen
Japan's equivalent of the FCAI argues the government is not doing enough to ensure the continuing viability of exportsJAMA, the Japan Automobile Manufacturers Association, has fired off a fairly blunt message to the Japanese government.
Penned by the Chairman of JAMA, Toshiyuki Shiga, the open letter was reproduced on the Association's website last week. In a world where lobbying makes the wheels go round, the chairman's message for the Japanese government seems particularly succinct — and seems unusual too for being co-signed by Koichiro Nishihara — the president of the Confederation of Japan Automobile Workers' Unions.
Contrasting with the situation in Australia, it's a proactive response from the Japanese industry, currently grappling with the aftermath of the Global Financial Crisis (GFC) and the twin disasters of earthquake and tsunami in March. The Japanese government is already concerned by the strength of the Yen against the US dollar, but the pointed remarks from JAMA and the union will keep the blowtorch applied.
The letter is reproduced in full below:
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