Description:Â Toyota Motor Corp. (7203), Asiaâ€™s biggest carmaker, is telling parts suppliers in Japan to slash prices or face being replaced by overseas rivals as the yenâ€™s value appreciates, four people involved with the discussions said..
Questions for discussion:
- Explain the connection between the value of the Japanese currency and the business decisions made by Toyota?
- How does this article illustrate the global nature of business?
- How else could Toyota and Japanese suppliers deal with this problem?