Toyota expressed fears about the dollar's “worrying” decline against the yen after the US currency fell to levels that threatened to undermine its nascent profit recovery.
The comments from the carmaker add to growing jitters among Japanese exporters and government officials over the impact a strengthening yen will have on company earnings and the wider economy.
Shares in Japanese exporters including Toyota, Sony, Canon and Nissan fell yesterday as the US currency dropped to Y85.33, its weakest level since November and close to a 15-year low.
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