Surge in COE prices negates weaker yen’s effect on Japanese car prices
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Derryn Wong
THE weakening Japanese yen has lowered the costs of some Japanese cars in Singapore. The fall, however, has been more than negated by higher certificate of entitlement (COE) prices, said car dealerships.
Since 2020, the yen has steadily lost ground against the Singapore dollar. It closed at 108.34 on Tuesday (Sep 19), from 97.52 on Jan 2.
While not all Japanese-branded cars are made in Japan, those made there are generally paid for by dealerships in yen.
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