Toyota Suppliers Say Yen Drop Means Further Price Cuts Unlikely
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Toyota Motor Corp. suppliers said they expect the automaker will refrain from asking them to cut prices as a weakening yen boosts profit.
The reductions won by the carmaker over the past two years because of the yen’s strength will probably not be maintained in the April to September period, said Kenichi Noda, executive managing officer at Aichi prefecture-based Toyota Boshoku Corp., an affiliate that makes auto interior parts and bumpers.