Weak yen gives Japan’s automakers temporary relief from China pain
TOKYO : Japanese automakers are getting much-needed cover from an old standby, as the weaker yen helps prop up profits amid declining sales in China and the increasingly tough shift to electric vehicles. Toyota, Honda and Nissan recently reported earnings that topped analyst estimates by 6 per cent to 21 per cent in the three months through June, and all cited the currency as a factor.