• Kyodo

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Nissan Motor Co. President Carlos Ghosn has indicated the automaker will expand procurement of overseas components for its plant in Fukuoka Prefecture to help cope with the yen’s appreciation.

Under the strategy, the Kyushu plant will increase the ratio of vehicle components to be procured in other Asian countries as well as the Kyushu region to 80 to 90 percent from 70 percent at present, taking advantage of its proximity to Asia, Ghosn said Tuesday in Kitakyushu.

Ghosn made the remark in an address during a ceremony to mark Nissan’s spinning off of the plant in Kanda, Fukuoka Prefecture.

The remark was taken to mean Nissan will have the plant enhance its resistance to the yen’s appreciation and maintain its domestic operations by reducing costs through more purchases of overseas components.

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