Unfair Advantage? Manipulated Yen Doubles Honda Quarterly Profits

Honda’s quarterly profit doubled from a year earlier as sales got a big perk from a weak yen.

Honda Motor Co. reported on Friday a 160.7 billion yen ($1.58 billion) net profit for the October-December fiscal third quarter, up from 77.4 billion yen the year before.

The maker of the Fit subcompact, Odyssey minivan and Asimo humanoid, posted a 25 percent jump in quarterly sales to 3.02 trillion yen ($29.6 billion).

A favorable exchange rate helped Honda’s fortunes. The dollar has been trading above 100 yen compared with about 80 yen a year earlier. A weak yen helps lift the value of Japanese exporters’ overseas revenue.

vdiv - 1/31/2014 10:41:51 AM

+1 Boost

Let's not kid ourselves, just because the FED is not very good at manipulating the dollar does not mean they are not doing it. Can you say QE 1,2,3?

cidflekken - 1/31/2014 1:02:06 PM

+1 Boost

I guess we should see the same from Toyota and Nissan when they announce their results