TOKYO, Dec 24 (Reuters) - Shares ofMotor Corp fell 3 percent in early trade on Wednesday after the world's largest automaker forecast a first-ever annual operating loss, blaming a relentless sales slide and crippling rise in the yen.
on Monday cut its operating forecast to a loss of 150 billion yen ($1.7 billion) for the year to end-March, after shocking financial markets last month by slashing its operating profit forecast by 1 trillion yen to 600 billion yen. [ID:nT299128]
Toyota shares were down 3.1 perent at 2,805 yen as of 0015 GMT.
Tokyo financial markets were closed on Tuesday for a public holiday.
Automakers everywhere are reeling from a sharp downturn in sales due to a global recession and tight credit. ($1=90.25 Yen) (Reporting by Taiga Uranaka)