Japan's auto exports to the U.S. surge

From axios.com

Japanese automobile exports to the U.S. have surged this year. They were 50% higher, in yen terms, during August compared with the same month last year — and it was the seventh straight month of double-digit gains. What's happening: The yen has weakened by nearly 13% against the dollar this year, as the Fed's interest rate hikes helped strengthen the greenback. • A weaker yen means Japanese exports are cheaper for American buyers. • Japanese carmakers are enjoying the current situation, with shares of Toyota Motor up 54% this year, Subaru up 47%, and Honda Motor up 76% — in yen terms — beating the 27% gain ... (full story)