It was reported in the Financial Times that Toyota suffers a 20 billion drop in operating profits

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It was reported in the Financial Times that "Toyota suffers a ¥20 billion drop in operating profits for every ¥1 rise (in the exchange rate, yen per dollar) against the dollar." Does this statement have implications for transaction, translation, or economic exposure primarily?
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International Money And Finance

ISBN: 9780323906210

10th Edition

Authors: Michael Melvin, Stefan C. Norrbin

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