Akio Toyoda, the head of Toyota Motor Corp, called the current dollar-yen rate "very tough" on Friday, saying weak U.S. currency made it difficult to return to profit on an unconsolidated level. Always blaming America first, eh? [Reuters]
I can't stand it. They didn't plan it. Now they need to set it straight, not fluctuate. They just can't manage with all this fear, since their crystal ball ain't so crystal clear. So while they sit back and wonder why—Mercedes still a thorn in their side—no 'yotas in our garage.
I'm telling y'all, it's arbitrage.