Yamaha Motor Co. forecasting net loss for 2009

Although Yamaha Motor Co. posted over a 23 million dollar net gain in 2008, the company is already projecting over a 460 million dollar net loss for 2009. The publicly traded company’s first net loss since since the last major recession in 1984, the reason for the new projection is due to the rising yen’s effect on Yamaha’s export market coupled with the current global financiapocalypse.