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>> JAPANESE YEN Latest News

MAY 08, 2014 - TheStreet

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Toyota Crushed Earnings, but Faces Headwinds

NEW YORK (TheStreet) -- Shareholder reaction is mixed after the world's largest automaker, Toyota Motors , reported record earnings. Profits soared 90% to almost $18 billion for fiscal-year 2014, ended March 31. Japan sales added to the company's profit this year. Vehicle sales increased 16% from fiscal 2013. Despite strong top- and bottom-line numbers from North America, delivering a profit from Japanese sales has been largely allusive for years. Toyota's domestic profitability may be short-lived, though. Last month, Japan raised the national sales tax from 5% to 8% and as a result, the ... Read More

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