Honda raises profit outlook thanks to weaker yen

TOKYO — Honda Motor on Wednesday upwardly revised its operating profit forecast for the current fiscal year ending March 2023 to reflect the weak yen.

The automaker said it now expects 830 billion yen ($6.15 billion) in operating profit for the year through March, a 4.7% decline from the previous fiscal year. The latest figure is narrower than the 7% fall foreseen in May.

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