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Toyota’s earnings in the most recent quarter leapt almost threefold from a year ago as car sales expanded worldwide and a cheap yen improved the Japanese automaker’s abroad profits
TOKYO– Toyota’s July-September earnings leapt almost threefold from a year ago as car sales expanded worldwide and a cheap yen improved the Japan ese automaker’s abroad profits.
Toyota Motor Corp reported Wednesday 1.28 trillion yen ($ 8.5 billion) in quarterly earnings, up from 434 billion yen the previous year. Quarterly sales climbed 24% to 11.43 trillion yen ($ 75.7 billion) from 9.22 trillion yen.
A cheap yen is an and also for Japan’s large merchants like Toyota by appreciating its abroad profits when equated right into yen. The united state buck was trading at regarding 145 Japanese yen in the most recent quarter, up from …
