Toyota’s Prius Success Shows Japan Inc. Can Be Profitable
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Japan Inc. isn’t dead yet.
Toyota Motor Corp., the nation’s largest manufacturer, yesterday raised its profit forecast after earnings from Japan last quarter jumped to a four-year high of 143.7 billion yen ($1.8 billion). That was 46 percent higher than the average estimate of five analysts surveyed by Bloomberg, while income from North America and other parts of Asia missed projections.