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Ford CEO cites yen worry, opposes Japan free trade

Blog by Brad Herman | March 27th, 2013

The chief executive of Ford Motor Co. (F-N 13.31 0.00 0.00%) complained on Tuesday about Japan's devaluation of the yen and reiterated his opposition to Tokyo entering into free trade talks with the United States under an Asia-Pacific agreement.

The yen has fallen around 8 percent against the dollar this year, driven down by Tokyo's fiscal and monetary policies.

"The markets should determine the exchange rate," Ford CEO Alan Mulally told a small group of reporters in Bangkok, referring to what he said was "the devaluing of the yen".