Yamaha Jumps After CEO Sees Sales Recovery in Indonesia
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Yamaha Motor Co., Japan’s second-largest motorcycle maker, surged the most in more than three years in Tokyo trading after the chief executive officer said sales in Indonesia will most likely exceed its goal.
Yamaha climbed 11 percent to close at 727 yen in Tokyo trading, the biggest advance since Feb. 25, 2009. The Iwata City, Japan-based company expects sales in Indonesia to “slightly outperform” its target of 2.4 million units in the year to Dec. 31, President and CEO Hiroyuki Yanagi said today.