It is also a plus for the shareholders of Japanese stocks.
For Toyota, quarterly sales growth is at 16.20%. Over the past five years it was a negative 3.20%. Much of that can be attributed to the yen making Japanese products much cheaper for foreign buyers, in addition to the rebound from the Great Recession. Toyota's shares recently traded up nearly 3% to over $121 and for the year to date are up 27.2% for 2013. Thanks to exports Toyota has been able to expand its operations throughout North America, including Kentucky and Mississippi.
It is much the same story for Honda, Canon and Sony.
Honda now has quarterly sales growth of 27.30%. For the past half decade it was a negative 3.80%. For Canon, quarterly sales growth is now 14.20%. The previous five years is was a negative 4.90%. Sony sales are now increasing quarterly at a 10.60% rate after declining by 5.20% for the last five years.
Honda shares are currently up 15 cents to $41 and are up near 11% for the year to date. Canon shares are currently off over 1% to around $32 and are down 18.1% for the year to date. Sony, flat at $17.36, is up nearly 52% on the year.
For 2011, according to the United States Trade Representative, Japan exported $128.8 billion in goods to the United States. It posted a huge surplus in trade as it imported just $66.2 billion in products from America. The biggest group of exports from Japan to the United States was in the motor vehicle division, $41 billion (almost one-third the total). Next was machinery at $31.2 billion.
With the Japanese yen decreasing in value and American economic growth increasing, there should be even more exports to the United States. The more the yen falls against the dollar, the more Japanese exporters will be selling to America.At the time of publication the author had no position in any of the stocks mentioned. This article was written by an independent contributor, separate from TheStreet's regular news coverage.