Toyota head:prolonged yen rise would hurt earnings

Newswire

TOKYO, Sept 29 (Reuters) - Toyota Motor Corp's President Fujio Cho said on Monday that sudden foreign exchange movements were a cause of anxiety and that a prolonged rise in the yen would seriously affect earnings. "Currency movements are supposed to mirror economic fundamentals. But the recent movements are not doing that, and the yen's rise has gone too far," Cho told a news conference. The comments from Japan's largest auto maker come after the yen surged to three-year highs against ...

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