Toyota May Stop ’Insisting on Japan’

Strong yen, aftermath of disasters take toll on carmakers’ profits.

Toyota Motor Corp., which built 45 percent of its cars in Japan last fiscal year, may need to produce a greater proportion overseas as the yen trades near a record against the dollar.

“How much longer should we insist on producing in Japan?” said Chief Financial Officer Satoshi Ozawa, seated next to President Akio Toyoda at a press conference in Tokyo today. “I feel strongly that our efforts may have exceeded the limits of what is possible in dealing with the yen’s impact.”

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