Japan: Denso’s president cautions on yen’s strength

According to comments made by Denso president Nobuaki Katoh, the strong yen is undermining the supplier's recovery from the 11 March earthquake and tsunami and may prevent it from raising its full-year profit forecast. Speaking to Bloomberg, Katoh was quoted as saying: "Because of the super-strong yen, manufacturing in Japan is It’s time to log … Continued

• By Webmaster
• August 30, 2011