A rollercoaster ride

Foreign exchange

Toyota Motor Corporation Australia (TMCA) made the sort of headlines that any foreign currency strategist would have understood when, in September, it said it wanted to make its manufacturing operations in the Melbourne suburb of Altona “totally yen-free”.

The company’s senior executive vice-president, John Conomos, unveiled a plan to source 77% of components for its new automobile model from Australian parts manufacturers, instead of its Japanese parent. This compares with the 66%

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