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Japan-Update

Nissan lowers core earnings outlook again

Inspection scandal and soft US market take toll

Joji Tagawa, corporate vice president at Nissan, speaks with reporters Thursday.

TOKYO -- Nissan Motor slashed 80 billion yen ($735 million) from its forecast for annual operating profit as last year's inspection scandal and sales incentives in the U.S. weigh heavily on earnings.

Group operating profit for the year ending in March is expected to sink 24% to 565 billion yen, the Japanese automaker said Thursday, making its second downgrade this fiscal year.

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