Foreign Exchange Hedging Strategies at General Motors: Competitive Exposures (HBS No. 295-096) 1. Why is GM worried about the level of the yen? 2. How important is GM's competitive exposure to the yen? 3. How would you go from the information in the case about competitive interactions with Japanese manufacturers to a value exposure for GM? 4. Are there less information intensive methods that might allow you to assess the competitive exposures of GM specifically or other firms generally? how would you implement such a method