Rising Yen Value Threatens To Slash Profits Of Japanese Automakers

Japanese automakers may have run out of the fuel that’s driven profits higher for four years: the weaker yen.

Toyota Motor Corp. and Japan’s six other automakers may combine to earn 4.55 trillion yen ($40 billion) in the fiscal year through March 2017, according to analysts estimates compiled by Bloomberg. That’s a 5.5 percent increase from what analysts are projecting for the period ending next month, and would be the slowest pace of growth in five years.

MDarringer - 2/20/2016 11:19:27 AM

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Oh the humanity!