Fox Business - The Power to Prosper
Search Site

Miyagi Tsunami

Analysis: Japan's yen offensive may give Toyota an edge over Hyundai

When Toyota Motor Corp <7203.T> President Akio Toyoda visited northern Japan in July last year and announced a $24 million engine plant expansion, some analysts saw it as evidence of a flawed strategy that put patriotism above profitability.At the time, Toyota was struggling to rebuild its supply base after the March 2011 earthquake and tsunami and the yen was climbing toward a post-war record high against the dollar.But the Miyagi Taiwa plant began assembling engines for the small hybrid Aqua, exported as the Prius C, this month with a welcome wind at Toyota's back: a weakening yen and a government-in-waiting determined to drive it lower.Analysts say a continued slide in the Japanese currency could tip the competitive balance on pricing back in favor of Toyota and away from its toughest and fastest-rising global competitor, Hyundai Motor <005380.KS> - a new dynamic that would likely be repeated across other Japanese export industries.Since early October, the yen has weakened about 8 p...

Read More

  1. Oil slides after quake, tsunami slam Japan

    (Updates prices)By Ikuko KurahoneLONDON, March 11 (Reuters) - Oil slid by on Friday, with U.S. crude falling below $100, after an earthquake rocked Japan, created a ...

  2. Some Power Plants Shut, Bank of Japan Promises Help

    Auto plants, electronics factories and refineries shut across large parts of Japan on Friday after a powerful earthquake rocked the country, triggering a tsunami, bu...

  1. Strong Quake Hits Northeastern Japan

    A strong earthquake with a magnitude of 7.3 struck northeastern Japan on Friday afternoon, prompting a warning of a tsunami of up to one meter from the Japan Meteoro...

  2. Exxon Restores All Japan Oil Refineries

    Exxon Mobil said on Wednesday it has restored all four of its Japan group refineries to full operations and opened the Shiogama terminal after the earthquake and tsu...

  3. IAEA Tracks Radiation Leaks at Japan's Plant

    Japan's earthquake-stricken nuclear complex is still emitting radiation but the source is unclear, a senior U.N. atomic agency official said, as workers made progres...

  4. WHO Warns of 'Serious' Food Radiation in Disaster-Hit Japan

    The World Health Organization said on Monday that radiation in food after an earthquake damaged a Japanese nuclear plant was more serious than previously thought, ec...

  5. Japan Nuclear Rescue Advances

    Engineers enjoyed some success in their mission to stop disaster at Japan's tsunami-damaged power plant, though minor radiation leaks highlighted perils from the wor...

  6. Aflac Backs '11 View, Warns EPS Will Favor Low End After Quake

    Aflac (NYSE:AFL), which has heavy exposure to disaster-ridden Japan, reaffirmed its 2011 earnings target on Monday, but warned its results may skew towards the low e...

  7. Toyota, other carmakers close quake-hit plants

    TOKYO (Reuters) - Toyota Motor Co <7203.T> said it has halted production at two factories with combined annual capacity of 420,000 small cars built mainly for overse...

Freebase CC-BY
Source: Miyagi Tsunami on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL