Japanese automaker Nissan Motor Co Ltd (7201.T) does not base its medium- or long-term decisions on fluctuations in the currency market, its chief operating officer said on Thursday, as the yen hovered near its lowest level in 24 years.
Ashwani Gupta’s comments come amid a strong selloff of the yen this year against the US dollar, prompting warnings from top policymakers in the country and concerns about Japan Inc’s ability to plan the ‘coming.
Authorities on Wednesday sent the clearest signal yet that they were uncomfortable with the currency’s recent sharp declines and were preparing for intervention, although analysts were skeptical such a move. would stop the fall of the yen as long as the US dollar continues to rise.
Foreign exchange was the last factor in “the business chain”, when planning, Gupta said in an interview with Reuters Newsmaker. “We don’t make our decisions, especially medium and long-term decisions based on the exchange rate,” he said.
Gupta also said the automaker would be able to withstand potentially tougher clean car regulations in some countries due to its dual strategy of producing its advanced e-power hybrids and electric vehicles at low cost. battery.
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