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Automobiles

Southeast Asia slump sets off alarm bells at Japan's automakers

Toyota, Honda and Nissan brace for first regional decline in four years

A Mitsubishi Motors plant in Thailand: The surging baht is creating headwinds for an economy dependent on exports. (Photo by Rei Nakafuji)

BANGKOK/JAKARTA -- Southeast Asia's automobile market is headed toward shrinking for the first time in four years due to a markedly strong Thai baht and a slowing global economy that has strained corporate and consumer confidence.

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