The Japanese government went on a buying spree Monday to try to weaken the yen and push up the value of the dollar. The exchange rate recently hit about 75 yen to the dollar, which is terrible for Japanese exporters. Honda, Panasonic and Toshiba announced earnings Monday — and all said they're affected by the currency issue.
Auto parts supplier Takata has agreed to modify the way it makes airbags. Takata and government safety officials were on Capitol Hill Tuesday to answer questions about the massive recall effort. Some 34 million vehicles need to have new airbags installed.
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