U.S. automakers urge congressional response to falling yen

U.S. automakers called on Congress to take action in response to the falling value of the Japanese yen, which they said has hurt their exports and was a good reason to keep Japan out of a proposed U.S.-led free trade pact.

Japan Moves to Enter Talks on Pacific Trade

Japan will seek to join negotiations for a free-trade pact with the United States and other Pacific nations, Prime Minister Shinzo Abe said on Friday, giving heft to talks that could encompass two-fifths of the world economy but also adding a country with demands and reservations that some participants fear will delay an agreement.

Japan seeks to join free trade talks

The Japanese government on Friday asked to join trade talks aimed at creating a massive free trade zone of at least 11 nations including the United States, Canada and Mexico — a move that could have dramatic implications for the U.S. auto industry.
 

Toyota Helped by Yen Detroit Sees as $5,700-Per-Car Bonus

Toyota Motor Corp. which last year overtook General Motors Co. (GM) to become the world’s largest automaker even as its profit margins lagged behind the industry, is riding a weakening yen that has Detroit executives concerned.