text: Fluctuation in Foreign Currency Exchange Rates 
  Nissan’s Japanese operations export vehicles to various countries around 
  the world. In general, the appreciation of the yen against other currencies 
  adversely affects Nissan’s financial results of operations and, on the 
  contrary, the depreciation of the yen against other currencies favorably 
  affects Nissan’s financial results of operations. Any sharp appreciation of 
  the currencies of those countries against the yen could lead to increases in 
  both procurement and production costs which would adversely affect 
  Nissan’s competitiveness. 
  
  Counterparty Credit Risk 
  Nissan does business with a variety of counterparties and manages its 
  counterparty credit risk by conducting a comprehensive annual assessment of 
  its customers’ financial condition based on their financial information. 
  Nonetheless, any significant default by a counterparty would adversely 
  affect Nissan’s financial position and results of operations. 
  
  Employee Retirement Benefit Expenses and Obligations 
  The amount of retirement Nissan’s benefit obligation and related expenses 
  are calculated using various actuarial assumptions including the discount 
  rate applied, the projected rate of return on plan assets, and so forth. If 
  Nissan’s actual results differ from those assumptions or if the assumptions 
  are changed, the resulting effects will be accumulated and recognized 
  systematically over future periods. The cumulative effect could adversely 
  impact the recognition of expenses and liabilities recorded in future 
  periods. 