Toyota raises profit outlook on yen, cost cuts amid U.S. competition

Toyota raises profit outlook on yen, cost cuts amid U.S. competition

Osamu Nagata, executive vice president of Toyota Motor Corp., speaks at a press conference in Tokyo on Nov. 7, 2017. The automaker raised its group earnings forecast for the business year through March 2018, banking on the yen's fall and cost-cutting efforts to offset tough competition in its key U.S. market. (Kyodo) ==Kyodo

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    Osamu Nagata, executive vice president of Toyota Motor Corp., speaks at a press conference in Tokyo on Nov. 7, 2017. The automaker raised its group earnings forecast for the business year through March 2018, banking on the yen's fall and cost-cutting efforts to offset tough competition in its key U.S. market. (Kyodo) ==Kyodo
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      Osamu Nagata (R), executive vice president of Toyota Motor Corp., speaks at a press conference in Tokyo on Nov. 7, 2017. The automaker raised its group earnings forecast for the business year through March 2018, banking on the yen's fall and cost-cutting efforts to offset tough competition in its key U.S. market. (Kyodo) ==Kyodo
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