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Toyota turns bullish, now expects profit increase for fiscal 2017

Weaker yen and cost-cutting efforts help lift automaker's bottom line

Toyota Vice President Osamu Nagata briefs reporters in Tokyo on Nov. 7.

TOKYO -- Toyota Motor on Tuesday said it expects a 6% profit increase for the year ending March, reversing an earlier forecast of a 4% decline.

A weaker yen and cost cuts have since helped lift bottom-line expectations.

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