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The Boston Globe

Business

Toyota forecasts rebound to record $18.8b profit

TOKYO — After years of setbacks, Toyota is predicting its largest-ever annual profit.

The world’s best-selling automaker said Tuesday that it expected to post $18.8 billion in net profit for the fiscal year ending in March, as a weaker yen and strong sales helped drive earnings. That is up from an earlier forecast and above the previous high six years ago before the global financial crisis.

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