Dec 18, 2010
Shipbuilders switch from yen orders
Many Japanese shipbuilding companies are having to accept more orders in dollars because of the strong yen.
One of Japan's largest shipbuilders, Mitsui Engineering and Shipbuilding Company, has confirmed that 55 per cent of its contracts in the six month up to September were settled in dollars, reports the Wall Street Journal.
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Source: Inside Japan
Category:
Shipbuilding
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