Weak Yen Aids Big Japanese Companies

Weak Yen Aids Big Japanese Companies - Medium

TOKYO—The yen’s historic fall is boosting sales and profits at top Japanese companies, prompting many to maintain healthy outlooks for the current year despite supply-chain disruptions and economic uncertainty.

Toyota Motor the world’s biggest car maker by sales volume, kept its forecast for operating profit of 2.4 trillion yen, equivalent to $18 billion, for the fiscal year through March, despite being hit by supply-chain troubles and higher raw-material prices recently. The strengthening of the dollar and euro against the yen will likely offset rising costs for the remainder of the current year, Toyota said.

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This article was written by and originally published on www.wsj.com