Toyota Motor Corp., based on market value, is the world's largest automaker dropped 0.5% to 7,790 yen. There has been mixed news about Toyota's sales.
Sales has been good in the United States and in China for Toyota but has dropped in Japan. The reason for fewer Japan sales has been due to the fact that a decreased birthrate has led to a decrease in available youth to purchase their cars.
The yen strengthened a bit to 123.43 per dollar from 123.65 and this has caused further tentativeness by foreign investors to purchase stock in the company. Sales outlook does not look good and there is little desire to purchase into a strong yen.
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