Market Report – Japanese Yen Lower

In today’s market report… the Japanese yen lower, boosting exporter shares in Tokyo while the Nikkei rebounded from a six-month low hit Thursday.

Toyota plans to hire back contract workers after almost a year as production levels remain robust.

The company has been reeling from massive vehicle recalls and criticism that it was slow to react to safety issues, with more than 8 million cars worldwide, most in the United States, since last October.

Taiwan’s Hon Hai Precision Industry plans to raise workers‘ salaries by about 20 per cent at its Foxconn unit in China, as it struggles to stop a spate of worker suicides and quell rising public anger.

An employee of Foxconn, maker of Apple’s iPhone, jumped to his death late on Wednesday, bringing the total of such apparent suicides to 10 this year.

Foto: NTDTV