( ) -q-24- UNDATED (Correspondent Jeremy House) “rose 24-percent.” Toyota’s profit in the latest quarter jumped nearly threefold from a year ago. [CutID: <Cuts> TOYOTA-PROFIT-house-q-WEDam.mp3 Time: 19s Title: TOYOTA-PROFIT-house-q-WEDam Out-cue: rose 24-percent] TAG: Correspondent Jeremy House reporting. A cheap yen is a plus for Japan’s giant exporters like Toyota by raising the value of its […]
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Toyota’s profits zoom on cheap yen, strong global sales
( ) -q-24- UNDATED (Correspondent Jeremy House) “rose 24-percent.”
Toyota’s profit in the latest quarter jumped nearly threefold from a year ago.
[CutID: <Cuts> TOYOTA-PROFIT-house-q-WEDam.mp3
Time: 19s
Title: TOYOTA-PROFIT-house-q-WEDam
Out-cue: rose 24-percent]
TAG: Correspondent Jeremy House reporting. A cheap yen is a plus for Japan’s giant exporters like Toyota by raising the value of its overseas earnings when translated into yen. The U.S. dollar was trading at about 145 Japanese yen in the latest quarter, up from 138 yen. It’s trading above 150 yen lately.
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VERBATIM: The increase came as vehicle sales grew around the world and a cheap yen boosted the Japanese automaker’s overseas earnings. Toyota reported Wednesday 1.28 trillion yen in quarterly profit, up from 434 billion yen the previous year. Quarterly sales rose 24%.