Manipulated Yen Helps Toyota Achieve Five Fold Profit Increase For Quarter

Manipulated Yen Helps Toyota Achieve Five Fold Profit Increase For Quarter

Toyota Motor Corp. reported a more than fivefold jump in its quarterly profit Tuesday and raised its earnings forecast, crediting a weak yen and strong sales.

Toyota’s profit for the October-December quarter totaled a better-than-expected 525.4 billion yen ($5.2 billion), up dramatically from 99.9 billion yen a year earlier. Quarterly sales jumped 24 percent to 6.585 trillion yen ($64.2 billion).

Analysts polled by FactSet had expected a 437 billion yen ($4.3 billion) quarterly profit.



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mplsmpls - 2/4/2014 3:39:59 PM
+4 Boost
what twat you are Agent009 ! sensationlist headline ...
The original article onky mentions weak yen, nothing about manipulation.
If you think of manipulation, surely the Fed is the worst, with it's constant printing e.g. Quantative easing etc..


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