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Toyota raises annual profit forecast on weaker yen

Toyota Motor Corp upgraded its forecast for full-year operating profit by 8.1 percent due to a weaker yen and robust U.S. demand for new cars.

According to Toyota last forecast, operating profit in the year ending in March may rise to 2 trillion yen ($17.5 billion), up from the 1.85 trillion yen forecast in August.

Japan's largest automaker reported on Tuesday a 10.0 percent increase in operating profit for the second quarter to 7.14 trillion yen ($62.7 billion).


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