Interesting how the Yen has traded in a much lower and more narrow range since the “subprime” business hit? Looks to me that Toyota is running about “break even” in North America when repatriating profits.
Couldn’t possibly be the Chinese (and their OPEC “running dogs”) balking at buying Wall Street CDO’s? Utterly masterful that European investment vehicles were the scherepunkt, as Clausewitz may well have put it. Trading in German style asset backed securities, Pfandbriefe amongst others, has been suspended “temporarily” I read.