Honda Leads Japan Manufacturers in Cutting Outlook on Yen Surge
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Japanese makers of cars, chips and computers said profit would be less than previously expected this year as the stronger yen undermines a recovery from output setbacks caused by the March 11 earthquake.
Honda Motor Co., the nation’s No. 3 automaker; Toshiba Corp., its biggest chipmaker; and Fujitsu Ltd, the largest computer services firm, lowered their earnings forecasts yesterday for the year ending March 31.