UPDATE 2-Japan car industry sees hit from yen next year

Newswire

(Updates with details, background) TOKYO, March 19 (Reuters) - Profits of Japanese automakers will take a hit in the next business year if the yen remains strong, but the government will not be asked to intervene in the currency markets to lessen the blow, the head of an auto industry group said on Wednesday. Fujio Cho, chairman of the Japan Automobile Manufacturers Association (JAMA), said industry profits would not be affected greatly in the current business year, which for most ...

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