Weak yen gives Japan’s automakers temporary relief from China pain | WSAU News/Talk 550 AM · 99.9 FM

By Daniel Leussink

TOKYO (Reuters)– Japanese automakers are obtaining much-needed cover from an old standby, as the weak yen assists prop up revenues in the middle of decreasing sales in China and also the progressively challenging change to electrical cars.

Toyota, Honda and also Nissan just recently reported profits that covered expert price quotes by 6% to 21% in the 3 months with June, and also all mentioned the money as a variable.

“If the yen stays low, they clearly benefit but it doesn’t offset any other concerns,” claimed Satoru Aoyama, elderly supervisor at Fitch Ratings Japan.

“They are struggling in the Chinese market,” he claimed. “They just don’t have an immediate solution” for their issues there, he included.

Nissan late last month updated its full-year operating earnings projection, increasing it by 30 billion yen ($ 208 million) to 550 billionyen About 20 billion yen of that came from the money, CFO …