Toyota Motor Corp., which last year overtook General Motors to become the world's largest automaker even as its profit margins lagged behind the industry, is riding a weakening yen that has Detroit executives concerned.
The yen has fallen 17 percent against the dollar since Oct. 31 as Shinzo Abe, who became Japan's prime minister in December, advocated for the decline to improve the country's economy.
The currency's slide gives Toyota and other Japanese automakers a financial gain on every car, which they can use to cut prices, boost ads and improve products.
Source
Bloomberg News