According to @KobeissiLetter, Japan’s passenger car export prices to North America fell 2.5% month-over-month in August, marking the fifth decline in the last six months and a cumulative 20.0% drop since April (source: @KobeissiLetter). According to @KobeissiLetter, Japanese exporters are cutting export prices from Japan to the U.S. to offset a 27.5% U.S. tariff imposed in April, absorbing the costs to keep U.S. prices competitive and defend market share (source: @KobeissiLetter). According to @KobeissiLetter, the sustained price reductions highlight ongoing pricing pressure that traders should monitor for revenue and margin sensitivity among Japan auto exporters with U.S. exposure (source: @KobeissiLetter).