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Business

Toyota narrows profit fall on weak yen

Expects 2017 US sales to remain steady

Toyota Motor executives meet the press in Tokyo on Feb. 6.

TOKYO -- Toyota Motor on Monday upgraded its net profit projection for the current fiscal year ending in March to 1.7 trillion yen ($15.1 billion) from 1.55 trillion yen, thanks to the weak yen. The net profit for the previous year was 2.31 trillion yen.

The new projection is close to analysts' estimates of 1.73 trillion yen.

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