How much of a windfall advantage does the weak yen policy provide Japanese auto manufacturers each year?
An artificially weak yen of 118¥ to the dollar provided a total of $8.8 billion in additional revenue to Japanese automakers on the 2.2 million cars they exported to the U.S. from Japan in 2006. The total yen subsidy provided to Japanese automakers in 2006 was $13.6 billion — $8.8 billion for car & truck exports to the U.S. and $4.6 billion for imported parts used in American-made Japanese cars.
