Japan's intervention in the currency market, and the prospects of a weaker yen, are boosting...

|By:, SA News Editor

Japan's intervention in the currency market, and the prospects of a weaker yen, are boosting shares of Japan's exporters. Canon (CAJ), Toyota (TM) and Honda (HMC) led the gainers in Tokyo and no wonder: Every 1-yen gain in the yen/dollar rate cuts annual operating profit by ¥30B at Toyota and ¥16B at Honda.