CNBC
Japanese automakers vulnerable to one-two punch of Iran war, yen rally
Monday, August 17, 2026
Japanese automakers face potential headwinds from geopolitical tensions in Iran and currency fluctuations affecting the yen. A stronger yen can reduce the competitiveness of Japanese vehicle exports by raising prices in foreign markets. The combination of regional conflict and currency movements could impact earnings for manufacturers including Toyota, Honda, and Nissan.
