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Why JDM cars, and perhaps even the yen, look about to get cheaper
Via Reuters comes the info that Japan has banned most used-car sales to Russia.the export trade in used cars from Japan to Russia was worth about USD $2 billion annuallyThe move from Japan to cut off the trade came only in August, much later than other sanctions had limited trade. Japan's government banned exports of all but subcompact cars to Russia.Reuters says the impacts have been:wiping out Russia's biggest source of used cars (more than half of the 303,000 used cars imported by Russia in t...
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Posted: Oct 1 2023, 23:33
Author Name: forexlive
Views: 112214
