Weakened Yen Gives Toyota Earnings Reprieve From Tariffs, War
The yen's slide to a 40-year low has caused concern for Japanese policymakers, but it is providing an earnings boost for exporters like Toyota Motor Corp.
The nation's biggest automakers, including Nissan Motor Co. and Honda Motor Co., will report quarterly earnings next week, with investors and analysts focusing on any currency-related upgrades to guidance.
A weak yen makes Japanese exports cheaper in foreign markets, which can lead to increased demand and higher profits for companies like Toyota.