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China was doing so well it could change its currency rate.
He also said China had to give up its fixed currency rate.
This could save a lot of money, should currency rates work against you.
The company said that sales growth would have been 5 percent if currency rates had not changed.
He pointed out that currency rates played a major role in the trade balance.
Investors in foreign bond funds also assume currency rate risk.
The company also benefited from fluctuations in foreign currency rates.
We'd like the Chinese to change their currency rate and at the same time continue to lend to us."
Adjusting for currency rates, revenues increased by 5 percent in the quarter, the company said.
Overall worldwide sales increased 15.2 percent, helped by favorable currency rates.
An additional 10 cents a share in earnings came from favorable foreign currency rates.
However, there is more to consider than passports and fluctuating currency rates.
In the eurozone, the currency rates of this day are fixed permanently.
He said that agreement allows currency rate adjustments and had already been used that way.
Initially the agreement called for a temporary freeze of wages, prices and the currency rate.
The six nations agreed to "cooperate closely" on stabilizing currency rates.
Toyota said it expected a further decline, with an average currency rate of 105 yen to the dollar in the second half.
"But our ability to impact currency rates halfway across the globe is frankly nonexistent."
It is all the more scandalous as the currency rate will be fixed henceforth.
Japan has been seeking a Group of Five meeting to stabilize currency rates.
Such low Chinese currency rates are a spur to exports by making them cheaper for foreign consumers.
In an increasingly integrated world economy, the currency rates impact any given country's economy through the trade balance.
Fluctuating currency rates accounted for roughly 4 percent of the revenue gain.
Yet because the group stopped short of calling for a stronger dollar, traders said the impact on currency rates was slight.
Had currency rates remained unchanged, it said, sales would have risen an additional 185 billion yen.