Toyota expects record profit on weak yen

Thursday, 05 February 2015 - 11:33

Toyota+expects+record+profit+on+weak+yen
Toyota, the world's biggest carmaker, has raised its annual profit outlook after a weak yen offset a fall in domestic sales.

The Japanese giant now expects a record operating profit of 2.7 trillion yen for the fiscal year to March, up from 2.5 trillion yen.

The weaker yen has boosted the value of the carmaker's sales overseas to make up for slow demand in Japan.

The move comes despite Toyota's recall of 1.75 million cars in October