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Saturday, October 8, 2011

Honda to Halve Exports From Japan in the Next 10 Years

Carmaker Honda said it plans to export 50 percent less from Japan over the next decade due to the strong yen.

A spokesperson for the company explained that Honda will sell most of its Japan-built cars in Japan.

Honda is not the only carmaker leaving Japanese plants on the strong yen. Toyota and Nissan also move production abroad.

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