Oh bless him, what will he do when the Yen returns to where it was before the financial crisis the American Banks caused and the FED started devaluing the dollar? That was about 35% weaker than it is now.
Ford’s CEO Calls Japan Currency Manipulator Amid Weaker Yen
Ford Motor Co. (F) Chief Executive Officer Alan Mulally called Japan a currency manipulator that’s giving local exporters an unfair edge as the weaker yen threatens to undermine U.S. automakers’ profits. Japan is “absolutely” manipulating its currency, the CEO of the second-biggest U.S. automaker said in a Bloomberg TV interview today. “With the currency manipulation, we just have to get back to the place where the currencies are set by the markets and the free trade agreements really are free trade agreements.” Mulally, who’s expressed concerns about the yen throughout this year, illustrates how the ... (full story)