The rapid appreciation of the yen, which has reached record highs against the dollar, is causing growing apprehension among Kyushu manufacturers. Concerns were already high due to the unsettled direction of the Japanese economy after the Tohoku earthquake and the possibility of power shortages. Manufacturers are boosting parts procurement from overseas to reduce costs, and studying the feasibility of shifting production overseas as well.
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- Kyushu Manufacturers Concerned about High Yen