Honda Moving Away from Japan?
This could be a joke and a very bad one, but is unclear if this move by Honda will be an unfortunate reality. Chief Executive Takeo Fukui told to a small group of reporters, that if the Japanese government says that they don’t care about the export industry, then Honda will act accordingly.
“If we go beyond (100 yen), we would simply have to transfer more production overseas, cut more temporary workers and even start laying off permanent jobs,” he said.
“Beyond that we could switch to importing more cars into Japan, bring research and development facilities overseas, and in an extreme scenario move our headquarters offshore. It would cause nothing short of a hollowing out of Japanese industry.”