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Since the beginning of 2021, the dollar has been steadily appreciating in value relative to the Japanese Yen. a) How would this impact the competitiveness

Since the beginning of 2021, the dollar has been steadily appreciating in value relative to the Japanese Yen.

a) How would this impact the competitiveness of US automotive firm General Motors competing with Japanese automotive firm Toyota in global markets?

b) How would the Bank of Japan implementing expansionary monetary policy impact the competitiveness of Toyota? How do you know?

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