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Honda gained nearly 83 billion yen ($847 million) in operating profit for the quarter from the benefits of a cheap yen against the dollar, euro and other currencies. Honda is also getting a big boost from growing motorcycle sales, especially in Asia. Also Wednesday, Hiroshima-based Mazda reported a 5.46 billion yen ($55.7 million) quarterly profit, a reversal from the 6.46 billion yen in red ink for the same period the previous year. Toyota Motor Corp., the world's top automaker, reports earnings Friday. Nissan Motor Co. reported last week that its April-June profit jumped 14 percent from the previous year to 82 billion yen ($820 million). The test for the Japanese automakers is whether it can take advantage of the extra perk from a cheap yen and achieve real market growth.
[Associated Press; By YURI KAGEYAMA]
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