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When Toyota Motor reports quarterly earnings tomorrow it will give investors the latest snapshot of how big a toll massive recalls and tepid auto sales are taking on the company’s bottom line.
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Japanese mobile-phone users are about 70% more likely to regularly use their devices to connect to the Internet than Americans, and more than twice as likely to be connected as European mobile users.
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The yen strengthened to a 15-year high against the U.S. dollar as investors bet against the country’s policy to limit the gains in the currency.
The yen strengthened to 83.34 per dollar, compared to 83.80 late Tuesday, The Wall Street Journal reported.
“This size gain is not enough to trigger unilateral intervention in the market,” Takayuki Asahara, a dealer at Shinkin Central Bank,…
Continue reading Yen Gains to 15-Year High Against U.S. Dollar
Yen Gains to 15-Year High Against U.S. Dollar originally appeared on DailyFinance on Wed, 08 Sep 2010 08:27:00.