Assignment: Currency Exchange Risks
Complete the following:
1. Examine the concept of the exchange rate between the Japanese yen and the U.S. dollar. Choose a Japanese company, such as Toyota, Canon, or Mitsubishi, and identify a strategy that the company might consider to reduce its currency exchange risk associated with Japanese and U.S. currencies.
2. Write an analysis in which you include the following:
1. Identify the exchange rate of the Japanese yen and the U.S. dollar.
2. Discuss the resulting value of selling goods in the United States exported from Japan.
3. Explain how weekly changes in the exchange rate would affect profitability for exports from Japan to the United States.
4. Identify risks related to changes in the exchange rate from a management perspective.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.