Toyota CEO Voices Concern on Yen, Europe, Slower U.S.

Toyota Motor Corp. President Akio Toyoda said the appreciating yen, the European debt crisis and a slowing U.S. are among concerns facing Japan’s car industry.

“In the short run, the European economy and a possible slowdown in the U.S. are a concern,” though he’s optimistic on the outlook for the year, Toyoda, speaking as chairman of the Japan Automobile Manufacturers Association, told reporters in Tokyo today. The yen is also a “major concern,” he said.