Production Policies Yen UPDATE 2-INTERVIEW-Japan, The Threat Ghosn

Nissan Motor Co. (7201.T) CEO Carlos Ghosn, the Japanese government's efforts to curb the rising yen, which requires manufacturers to reduce investment in Japan, said the failure of the production moves to another.

"The Japanese government really wants to create jobs and protect, then you should do something," Ghosn told Reuters in an interview in New York. "We as an industry, we talked for a while. Unfortunately happening. These results are not so far every effort looks like. "

"We will display the exchange rate should have a vision," he said. (For an interview with Reuters, Carlos Ghosn Insider: link.reuters.com/zaq93s)

The last two years, the U.S. dollar by about 91 yen 76 yen fell some more. Since April, the trend has accelerated the strengthening yen, to invest in the production of Nissan vehicles in the future to reassess and consider moving more production out of Japan has led to, Ghosn said.

"We always make investment decisions," he said. "This, to discuss a project to look at and work in Japan or another country, says a factor?"

Ghosn, the pressure on the production base in Japan, despite the economic uncertainty in consumer demand in Europe and the United States of America because of the debt crisis is a sign that the decline worldwide , he said. He said in a statement of hope, providing a detailed forecast of vehicle sales in the U.S., will increase in 2012.

"So far, signs of weakness in the automotive industry at least, it is," he said.

Grants can be lost within 2-3 years of EV

In addition, Renault SA (RENA.PA) heads Ghosn, Nissan's largest market for vehicles, an electric car built in China today, he said.

However, automobiles in Beijing is working on electric vehicles in terms of the final settlement of the page to create a different tool for the Chinese market is open to the use of the technology behind the battery, he said.

To develop an electric vehicle for Nissan in the Chinese market and is working with the Chinese partner Dongfeng said. Dongfeng Nissan also Venucia brand to help launch a Chinese brand for only $ 7.500 or more low-cost vehicles is expected to focus on the rapidly growing market.

"China intends to go with an electric car, but we are still waiting for the Chinese government," said Carlos Ghosn. "No doubt the technology road is not on the basis of Nissan - Nissan pages in itself - will be ready for operations in China."

Nissan plans to export to Japan and the United States and Britain leaf production all-electric continues.

Traditional hybrid Toyota Motor Corp (7203.T) (TM.N) behind the Nissan, the project that in 2020 global sales of vehicles, which represents up to 10 percent of all electric vehicles. Since August, the Nissan road and the Chevrolet Volt, a General Motors (GM.N) plug-in car sales represent sales of approximately 0.1 percent, the United States may result in electric mode.

Ghosn, the U.S. and other markets, government subsidies to sell electric vehicles will remain important, but the increase in volume, quickly enough can be removed as soon as two or three years, he said.

"We do not have forever," he said. "We increase sales and reduce costs to a minimum and the car will be a need for us to need to achieve more competitive."

Once the annual sales of 500,000 vehicles electric vehicles, Nissan, reduce costs and the need to move away from dependence on subsidies is the volume of said Ghosn.

He is currently Nissan Toyota Prius gasoline-electric hybrid tracking says it will not dominate the market.

"Half a car company, too. We are not here to lead, "said Carlos Ghosn." We put energy in the zero-emission vehicles. "

With 43 percent of Renault-Nissan.

German Gfk Consumer Climate Remains Unchanged Unexpectedly

The German GfK consumer sentiment has not changed unexpectedly last month, data showed on Tuesday.

The report, research group GfK consumer climate index for Germany, according to the previous month, 5.2, 5.2, said.

5.1 The decline analysts expected last month, the GfK consumer climate.

Real              5.2

Prognosis     5.1 Greater than 5.2

The German GfK consumer sentiment in economic activity measures the level of consumer confidence.

Read with consumers in 2000, the investigation concluded.

This is an important part of total economic activity, consumer spending, estimated, because it is a leading indicator. Higher readings point to higher consumer optimism.

Less than expected decline in reading / should be considered negative for the euro is higher than expected reading, bull positive / dollar should be.

Swiss UBS Consumption Indicator Declines In August

UBS Consumption Indicator in Switzerland according to data released Tuesday, the highest ever in nine years, fell in August.

The report, the Swiss bank UBS consumption indicator has been revised downwards the figure 29.1 against 28.1 in July fell by 0.79 points in August, he said 0:49.

The current level of 0.79, the UBS consumption indicator 2002/03 and 2008/09 only slightly higher in the two previous recessions.

Registrations of new vehicles, retail sales, card transactions during the night in hotels in Switzerland, the indicator of consumer confidence and credit: the UBS consumption indicator is calculated by the five sub-indicators.

Poor business records in the retail sector, despite the increase in new vehicles led the UBS consumption indicator.

Dampened consumer willingness to spend a strong franc, but also increased the purchasing power of the population of Switzerland.

USD / CHF 0.9007 Swiss franc and U.S. dollar fell 0.1% to trade a little higher compared to that after the publication of data.

Real              0.79

Prognosis     Above 1.28

UBS Consumption Indicator is the main indicator of private consumption. This indicator, consumer confidence, consumer spending, tourism, sales of new cars and commercial activity, including the five indicators of a reading.

Less than expected decline in negative reading / CHF should be taken to a reading higher than expected, positive bull / must be taken to the Euro.

OFT Urged to Focus on Currency Exchange for Businesses

In recent weeks, the focus on the monitoring of consumers to use debit cards abroad and get the money to pay claims that excessive fees and expenses, Office of Fair Trading filed a complaint formal, but scratch the surface of the problems with experts, industry insiders say that only the foreign exchange market.

Cross-border commercial transactions in the commercial sector have the money. These costs are passed on to consumers through higher prices, because each day to buy foreign currency abroad and the impact of public banks to transfer money unnecessarily high rates of corporate taxation, the company supports that money Axia FX.

Super complaint as a reason for the charges of consumption-oriented complex, and banks and research houses, citing a combination of false or misleading information, published on September 21. They travel to purchase foreign currency before the exchange rate to show exactly how many visitors requested a clearer description.

Axia FX goes; some experts believe that only the area of ​​excessive costs money. They are the real user cost and, ultimately, the consumer companies to foreign trade, transfer of money or the exchange rate offered by banks when they argue. This ratio is a problem with bank transactions that do not say that the difference lies. This "spread"; as we know why banks have lost large sums of money can be between 0.1% and 5%. Axia FX companies about 20 million pounds on a daily basis; the cost to consumers is estimated to lose.

Axia FX, David White, and CEO: "The creation of businesses, consumers spent, of course, suppliers of FX business abroad and the cost is charged excessive cost inflation and increased pressure on household disposable income these costs will continue to be billed by operators, banks and exchange office. Mainly for the needs of business and, secondly, the lack of understanding of the exchange rate. Consequently, the OFT really want your teeth into something, maybe you need to look at the world of money in this industry. "

Axia FX, negotiating with companies such as banks, businesses and consumers are able to offer better prices, as well as treatment options and offers to transfer money abroad. Companies’ money by reducing waste of money when banks are likely to significantly reduce costs for consumers.

AUD/USD Hits 3-Day High On E.Z. Bailout Reports

Australian dollar against its U.S. counterpart Tuesday reached a maximum of three days; according to a plan to increase funding in the recovery of the euro area has increased feelings of risk.

AUD / USD pair is the highest since Sept. 22, up 0.33% after a few more consolidated than 0.9866, 0.9905 hit during the last operation in Asia.

Parity 1.0069, March 21 amounted to 0.9690 may find support in September 22 with low resistance.

Officials euro zone finance the spread of concerns about a possible rate loan, reports that the relief funds to explore ways to strengthen the single currency bloc struggles to strengthen market confidence.

On Monday, the EUR440 million senior politicians of the European Central Bank European Financial Stability provides more money for the European Central Bank, can be used as collateral for the debt, he said.

Meanwhile, the Australian dollar EUR / YTL 1.3711 against the euro and rose to hit a loss of 0.39%.

Later in the day, a report of U.S. consumer confidence would be released. Member of the Federal Open Market Committee Tuesday for a speech by Richard Fisher as well.

USD/JPY Aalmost Unchanged As E.Z. Debt Fears Persist

The current debt crisis in U.S. investors in the euro area, remains concerned about the demand for shelter support against the yen Tuesday, remained almost constant.

USD / JPY 0.03% up to a beating, and then consolidated at 76.36 the pair, the daily high, 76.55 hit in early European trade.

Double 76.96, Sept. 22, including high, low 76.94 on August 18 and resistance is likely to find support.

Market sentiment in the euro zone leaders of euro fund emergency area; consider ways to strengthen the European financial stability, which was supported by speculation.

Monday, a senior politicians EFSF EUR440 million from the European Central Bank provides more money than the European Central Bank, can be used as collateral for the debt, he said.

However, extending the role of investors, then one week before the vote EFSF steps kaldı.Gerekli attention can be applied to extend the functionality of previous measures of the money must be approved by all governments in the block.

Also Tuesday, the Japanese government, a strong yen on the economy of the country wants to take a step forward in reducing the impact of restructuring costs and an additional budget to fund said it intends to take measures before the end of the year.

Meanwhile, the yen, 0.18% for JPY / EUR, slowly, with slightly higher against the yen managed to 103.18.

Later in the day, Richard Fisher, a member of the U.S. Open Market raporuFederal also discussed consumer confidence, would be free.

Asia Stocks Rally On EU Debt Plan Hopes; Nikkei Jumps 2.8%

Asian stock markets in the euro area economy to support the political action of the hope that the area behind the patient on Wall Street boosted by strong growth rose Tuesday.

During the last operation in Asia, Hong Kong Hang Seng Index, Japan Nikkei 225 Index rose 2.6% 2.82% 3:55% collected when the Australia index rose ASX/200.

A bank official of high rank said Monday after the market sentiment of the European Central Bank, the economy of the euro area, monetary policy to help facilitate the reduction of interest rates because speculation that the increases can not be ignored.

Monetary policy meeting of the ECB next week with the feeling of more support from the European credit with other measures to inject liquidity, bond purchases is likely to continue discussions with the relevant reports.

Significant gains in the financial sector helped lift the Nikkei, a minimum of 29 months. Rival Sumitomo Mitsui Financial Group and Mizuho Financial Group rose 1.8%, respectively, 3.4% and Mitsubishi UFJ Financial Group, Japan's largest lender, rose 4.3%.

High exposures to shares of Japanese exporters to Europe have also contributed to profit. Automakers Nissan and Honda, respectively, while an additional 4.5% and 3.4% Consumer electronics giant Sony, 3.65% of the shares, rose 4.3% in digital manufacturer Canon cameras has increased.

Elsewhere, Hong Kong, shares of commodity producers, such as the New York Mercantile Exchange, oil prices and gains in metals was discussed.

Oil and gas giant CNOOC was 7.65% protests, the Chinese stock Aluminum Co., mining, Zijin Mining China's largest gold advanced 4.5%, while Jiangxi Copper shares jumped 7.5%, increased by 12.3%.

Part of the financial sector rebound from recent losses, a strong performance. Bank of China's largest lender Industrial and Commercial from China to 7.1% from the insurer Ping jumped to an 8.1 during the Construction Bank of China rose 4.5 % as rivals, rose%.

In addition, Esprit Holdings, the largest market in Europe grew by 5.7% in Hong Kong retailer, is to contribute to the action.

Meanwhile, the outlook for the stock of European markets up sharply. EURO STOXX 50-term gain, while Germany's DAX was up 3.1% points to a gain of signs, the French CAC 40 rose 2.9% in terms, the FTSE 100-term , high solids 3.4% to 2.75%.

Later in the day, U.S. housing prices and consumer confidence was the publication of a report on industry data.