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Japan's automakers expect to lose Takata recall costs

But companies already priced in bulk of losses, see minimal earnings damage

| Japan

TOKYO -- Six Japanese automakers including Honda Motor and Toyota Motor expect never to recoup billions of dollars from Takata related to air bag recalls, they said Monday, but the companies foresee minimal damage to earnings after already factoring in the losses.

Takata, a Japanese autoparts maker, filed that day for bankruptcy protection in the U.S. and Japan after lengthy recalls involving a massive number of air bags. Several deaths have been attributed to the bags exploding with too much force.

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