TOKYO -- Nissan Motor Co. CEO Carlos Ghosn rarely talks in public these days without mentioning his commitment to building 1 million vehicles a year in Japan.
The pledge aims to reassure a nation nervous that Nissan and other exporters will close shop in Japan amid the soaring yen and ship those jobs overseas.
But a closer look shows why there is still room to worry.
Producing 1 million vehicles a year in Japan would be a drop from today's output, which is about 1.1 million units a year. So Ghosn's pledge gives him room to cut.
What's more, Nissan is planning to halve the number of vehicles exported from Japan by 2016, according to Japan's Nikkei business daily. Doing so reduces its foreign currency exposure.
The cut would slash more than 300,000 units, from last year's export tally of 671,000. So do the math. That move alone brings Nissan's domestic output below 1 million.