Yen Strength Seen Costing Toyota More Than Record Quake: Cars
This article is for subscribers only.
The earthquake that crippled Japan in March may cost Toyota Motor Corp. less than the rising yen.
Operating profit for the world’s top carmaker will be cut by 250 billion yen ($3.3 billion) in the year ending March 31 because of the currency’s advance, based on the average estimate of five analysts surveyed by Bloomberg. The natural disaster may cost 160 billion yen, Toyota said in August.