November 06, 2014

For Immediate Release:
November 6, 2014
Contact: Colin Dunn
(202) 400 - 2609

AAPC Statement on Japan’s Devaluation of the Yen

WASHINGTON, D.C. – American Automotive Policy Council President Matt Blunt today commented on the recent changes in Japan’s monetary policy enacted by the Bank of Japan (BOJ) as TPP negotiators and leaders prepare to meet at the APEC Summit.

"The Bank of Japan has undertaken an unprecedentedly large monetary policy change that must be addressed immediately and forcefully by the Administration. The Bank of Japan’s action is extreme in size and designed to devalue its currency to gain an unfair competitive advantage globally.”

The American Automotive Policy Council, Inc. (AAPC) is a Washington, D.C. association that represents the common public policy interests of its member companies Chrysler Group LLC, Ford Motor Company and General Motors Company.